Don't worry about GM ever going bankrupt now: With all this Federal aid to GMAC, our government is so financially entangled in the GM complex that a Chapter 7 liquidation is not very likely.
Have the money lenders learned their lesson?
Not good enough. I want my car loan modified, don’t you?
The dang rattle trap's just not worth what it was when I drove it off the car lot, and I’d like the lender to adjust the principal amount downward to reflect the corresponding loss of value.
Hey what’s good for the goose is good for the gander…or in this case mortgage bankers and automobile financiers taking government money.
Prediction for 2009: The new slogan on our money replacing “In God We Trust” will be “Where’s Mine?”