Thursday, May 03, 2007
SubPrime WON'T Spill over into the wider economy... Er!
BBC: Sub-prime mortgage crisis hits GM
General Motors has become the latest victim of the US sub-prime mortgage lending crisis.
Its GMAC finance arm made a loss of $305m (£152m) in the first three months of the year because of charges taken at its housing finance unit.
Posted by tyrellcorporation @ 03:33 PM (322 views) Add Comment
1 Comment
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1. lvmreader said...
These people need to be sanctioned for the weapons grade bulls**t they talk.
ALL subprime