Comments on: GMAC Loans $635M to ResCap; Credit Ratings Suffer

By: Steve_K

Steve_K — Mon, 25 Feb 2008 18:20:23 +0000

That picture just made me “LOL!”

yankinwaoz — Mon, 25 Feb 2008 18:15:48 +0000

wasn’t the whole point of separating GMAC from GM to get a better credit rating

Yes, it was to prevent GM from sucking GMAC down with it while it sinks.

However, that doesn’t prevent GMAC from from making its own mistakes and getting punished for it.

Sherman Lin — Mon, 25 Feb 2008 17:48:07 +0000

In retrospect it was a good thing GM sold half of GMAC. Who would have thought then that GM should have sold all of it.

Frank Williams — Mon, 25 Feb 2008 16:34:33 +0000

GS650G
Great picture. That must be from Rabid Rick’s office bathroom.

Nah. The toilet is plain white porcelain, not gold.

GS650G — Mon, 25 Feb 2008 16:18:41 +0000

Great picture. That must be from Rabid Rick’s office bathroom.