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Subscribe to this threadGM posts $3.25 billion loss in Q1
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Randy @ Apr 30th 2008 1:11PM
Though Ford doesn't have GMAC they (because it's GM) they do have Ford Credit. No home mortgages from Ford Credit, they defer thous out to banks. Smart move.
How stupid is GM for being anti-diverse! Think about this for a moment. You make cars and trucks. Then you finance homes! Yeah it makes money for a while but when a recession (Now) hits, you're bleeding until the day the recession is over. By that time, the compounding effects of the poor diversification of the company have taken a stronghold and you're up for the highest bidder!