Thursday, July 22, 2010

Not much to do with HPC but plenty to do with taxpayers bailout money

GM buys subprime lender for $3.5 billion

I understand some british banks are still lending subprime in the states too, such as RBS, wonder if any are linked to this deal?

Posted by mark @ 01:57 PM (1134 views)
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2 thoughts on “Not much to do with HPC but plenty to do with taxpayers bailout money

  • “The difficulty that potential car buyers with bad credit have getting loans is one of the factors that has kept auto sales depressed.”

    I think they mean over supply..pa

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  • I’m surprised that GM has got $3.5bn to go around buying companies such as this one, are they using bailout loans or have they actually shifted enough black Corsa’s and Astra’s to the nations youth who seem to be their main market these days!

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