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Subscribe to this threadGM posts $3.25 billion loss in Q1
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Blake @ May 2nd 2008 12:02AM
@ Randy
"How stupid is GM for being anti-diverse! Think about this for a moment. You make cars and trucks. Then you finance homes!"
A automotive financing company that does home mortgages too? Doesn't that actually make them diverse? It's easy to complain about GMAC dragging them down now. But when the economy and housing market were booming, GMAC was a cash cow for GM. Hence, how they were able to make money by selling off such a large share.