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View Diary: Our Economy: MASSIVE FRAUD By Mortgage Industry. (269 comments)

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  •  GMAC? Really. Ford is fine, GM and GMAC (0+ / 0-)

    need even more money. Do you not see the connection? It was all about the financing. The reason our auto industry tanked as bad as it did was because of this fraudulent activity in the markets. And we are reinforcing that behavior by throwing money at it, and not asking to see the books. Ford made bad decisions too. They built big cars. They have union issues. But Ford had no sub prime mortgage outlet.

    We have to see the books of GM, and GMAC, before we give them another dime.

    The greatest gift you can contribute to the goal of world peace is to heal.

    by wavpeac on Thu Feb 26, 2009 at 04:46:35 AM PST

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    •  I wasn't suggesting (0+ / 0-)

      that we give GMAC any money.  I thought I was clear in stating that GMAC sucks royal ass.  

      What good fortune for the government that the people do not think ~ Hitler

      by seagrams7ssu on Thu Feb 26, 2009 at 05:12:34 AM PST

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