GM to buy auto financing company AmeriCredit

ms (journolist) nbc ^ | 7/22/10 | TOM KRISHER

[TopQuark]

"My question is if they have 3.5 billion for a credit company why don't they pay off the debt they owe to the American people? "

Because acquisition need not involve cash.

[TopQuark]

"But not a penny for the former GM stock holders and bond holders."

And everything for the unions.

I'll never buy GM or Chrysler for as long as I live.

[mcshot]

Gotta get more “caddies” and GM bling mobiles in da hood.

[traditional1]

"allows the automaker to expand loans to customers with poor credit and offer more leases, key areas where GM must grow to accelerate its car sales."

YAHOO!

"Don't gotsta pay no mo'gage", and NOW, "don't gotsta pay fo' no car".

"Obama gonna take care o' me"

CADILLAC ESCALADES FOR EVERYONE!

"OBAMA MONEY.....FROM HIS STASH"

[Vince Ferrer]

Hasn’t GMAC done enough damage already? Why do they want to start the cycle all over again?

[Doogle]

....write Odumbo or your rat Congresscritter, ask them...no one else is going to ask...*smiles*

[q_an_a]

As it turns out they are paying 21 in CASH - “It will pay for AmeriCredit from that cash, funding left over from the Obama administration’s $50 billion bailout.”

[TopQuark]

"they owe to the American people"

Was that a loan from the American people, or are the American people part-owners of the firm?