via SF Gate
>
Source:
GMAC eases lending policy to boost sales
Bree Fowler
Associated Press December 31, 2008
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/12/31/BUDQ151FCS.DTL
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof. —John Kenneth Galbraith
Knowing that the vote over the weekend in Greece was really a referendum on Euro membership, a majority of the Greek Parliament said yes to staying. European Finance Ministers meet again on Wednesday to solidify the 2nd bailout package for Greece at the same time hopefully a deal is consummated between Greece and its creditors this week. The Greek 14.5b euro bond that matures on March 20th is up by 2 pts. The optimism that all will be completed and contained AGAIN to Greece has yields lower in Portugal, Spain and Italy. The iTraxx Financial Index is also narrower by...
read more »
Tweet
Facebook
Reddit
Digg this!
January 4th, 2009 at 6:18 pm
What? There is something very odd there: why did Wells Fargo get $25b like Citigroup? Even if Citigroup actually got $25b+10b for Merrill of course.
Very odd.
January 6th, 2009 at 2:06 am
I was under the impression the $25 billion in TARP funds was the result of Wells Fargo taking on Wachovia.
January 7th, 2009 at 12:24 pm
«$25 billion in [ ... ] Wells Fargo taking on Wachovia.»
Ah very plausible. So just like in other cases the transaction was a ruse: effectively the Fed bought Wachovia, recapitalized it and donated it to Wells Fargo. Same old same old :-).
I say “effectively” because it is very unlikely that Wells Fargo would have bought Wachovia on its own, without a promise of funds to come.
January 17th, 2009 at 11:42 am
What a scam. Get taxpayer money with secret repayment terms. Then these companies jack their credit card rates 10-20%. All banks should be closed and people can repay the Government at 0%.