Socalism: $5 Billion stake in GMAC

Andy

Well-Known Member
Joined
Jan 6, 2008
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3,497
Another great socialistic move by our government to buy a $5 Billion dollar stake in GMAC. So let's get this straight. An auto manufacture is now running a bank, which lends money to buy cars, that the auto manufacture can not produce profitably.

But at least the cars it's producing at a loss, can be financed with the tax payers footing the bill. How much lobbing money did GMAC spend and to whom, I wonder.

Another brilliant move!
 
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