GMAC To Resume Lending To Deadbeats with 620 Credit Scores.

[Aaron Copland]

Just what we don't need. Why can't the friggen goverment and the Fed just let the markets work. Why do they have to try and micro manage this situation.

It’s just going to prolong the pain.


http://www.marketwatch.com/news/sto...x?guid={D49C1E28-FEAC-44FD-87FE-ECCA1A7DD90D}

 

[bit]

how can it be painful with a name like quantitative easing?

 

[ChkitOut]

COOL! Now traders can get cars again.

 

[JamesVU2000]

The government is run by morons thats for sure. If anything it will just gurantee even more defaults in the futures. I guess this is what the fed wants. Bernanake is a moron

 

[Anaconda]

Quote from JamesVU2000:

The government is run by morons thats for sure. If anything it will just gurantee even more defaults in the futures. I guess this is what the fed wants. Bernanake is a moron

LOL, the real moron is you and everyone else who figure out what is going on, but instead just call those who run your life, morons.

Or maybe you're just that afraid to face reality.

 

[tradersboredom]

car leasing is a huge portion of the car business.

only fools would pay cash for a depreciating asset like a car.

Quote from Aaron Copland:

Just what we don't need. Why can't the friggen goverment and the Fed just let the markets work. Why do they have to try and micro manage this situation.

It’s just going to prolong the pain.


http://www.marketwatch.com/news/sto...x?guid={D49C1E28-FEAC-44FD-87FE-ECCA1A7DD90D}

 

[gnome]

Quote from JamesVU2000:

The government is run by morons thats for sure.

Might look that way, but not really true... WORSE!

Smart guys/gals with the mind-set, "get all I can, and FUCK THE AMERICAN PEOPLE... Couldn't give a crap less about them so long as I get what I want"...


THAT'S how American politicos roll....

 

[tradersboredom]

problem with the entire banking sector is that they lent money to sub prime assets that didnt' have any assets.

with car loans the car is the collateral.

all those sub prime loans were so leveraged there was no assets to back up loans in case of loan default.

Quote from Aaron Copland:

Just what we don't need. Why can't the friggen goverment and the Fed just let the markets work. Why do they have to try and micro manage this situation.

It’s just going to prolong the pain.


http://www.marketwatch.com/news/sto...x?guid={D49C1E28-FEAC-44FD-87FE-ECCA1A7DD90D}

 

[JamesVU2000]

Quote from Anaconda:

LOL, the real moron is you and everyone else who figure out what is going on, but instead just call those who run your life, morons.

Or maybe you're just that afraid to face reality.

Who is running my life? I dont understand your point

 

[tradersboredom]

also banks were lending money to hedge funds to speculate in the financial markets.

Quote from tradersboredom:

problem with the entire banking sector is that they lent money to sub prime assets that didnt' have any assets.

with car loans the car is the collateral.

all those sub prime loans were so leveraged there was no assets to back up loans in case of loan default.