an example!!!

[daved150]

http://www.freep.com/article/20081231/BUSINESS01/812310345/1014

this is how the 700bil. SHOULD have been used!! this is how you stimulate an economy....hope the other banks take notice!

[FUZO]

Re: an example!!!

None of these stimulis packages are going to work our economy to help it but raise our deficit and our taxes

[daved150]

Re: an example!!!

we'll see bro....i think gmac's move will help them...them, me and the auto industry, which will only help everyone involved with it.

[deepsouth]

Re: an example!!!

I think GMAC is doing the right thing by being more leanent or requirements to aquire loans to improve sales. This will have to happen on a wide scale of things if the economy is to come back. The same risky loans that got us into the pickle are the same ones that will get us out. The days of 750+ Becon scores are gone for a while and we need to start financing those in the mid 500's to get things rolling once again

[daved150]

Re: an example!!!

I think GMAC is doing the right thing by being more leanent or requirements to aquire loans to improve sales. This will have to happen on a wide scale of things if the economy is to come back. The same risky loans that got us into the pickle are the same ones that will get us out. The days of 750+ Becon scores are gone for a while and we need to start financing those in the mid 500's to get things rolling once again

wow....other than the momentary lapse in judgement that lead to your mistaking a tonka truck for a real peice of equipment, your a bright dude!!!

mid 500's should still be scrutinized, but your right...solid job, in the area for awhile (stability), not over extended, credit moving forward instead of back, there's no reason a 550 or even a 525 shouldnt get hung for a note that's reasonable...i'll take the 621's for now though...i've walked 5-6 people, and a couple walked right into a ford dealer and left with fmcc financing! but the others changed their mind and aint doing anything right now....

[firstenrgy]

Re: an example!!!

None of these stimulis packages are going to work our economy to help it but raise our deficit and our taxes

YUP! And to increase loans to people who have little ability to pay it back on a heavily depreciating asset... Oh lord!

[FUZO]

Re: an example!!!

plus for what ever reason people who have low scores in the 4-500's something has to change like maybe they have to only buy used cars in certian years depending on your score or something.And if they dont miss a payment for a year then the year of the car which you can buy goes up and if you reach a 700 then its new cars. something like that maybe would work to make sure gmac doesnt take it up the ass

[BIGMOFO]

Re: an example!!!

I NEED A BAIL OUT

[Stout1]

Re: an example!!!

I NEED A BAIL OUT

Sorry, you're not big enough of a failure for a "bailout".

[deepsouth]

Re: an example!!!

wow....other than the momentary lapse in judgement that lead to your mistaking a tonka truck for a real peice of equipment, your a bright dude!!!
....

Dave- do we need to put the comparisions up again against the GM/Ford/Toyota so you can be discusted again in how much better the Yota is built??-LOL

[jipped genes]

Re: an example!!!

what about rewarding those who have made good decisions and have not been part of the problem?

[trip]

Re: an example!!!

THE REAL DEAL

they borrow money, good

they pay us, taxpayers, 8% interest
not bad

they loan it out at 0%, ???????


they have massive inventory too move, and they have so much fixed costs in plants etc. they need Movement


imho, it's better than most of the others, cause they do have an incentive to lend, unlike banks

watch closely banks are going to get slammed on credit cards loan, they will not lose as much as homes, but they are going to biting the huge one, they are skeered shitless, massive amounts of late and no pays in credit cards, exact same metrics as sub-prime

we're skating on thin ice, yet, who knows, it is the SAME EVERYWHERE IN THE WORLD

no country is immune, none, nada, no one

as jackson browne sings, "between the yearning for love and the stuggle of the legal tender, i'm gonna find myself a home where.............yada yada

i'm going to get up and do it again, amen................ahhh the pretender

we got food, water, homes, and sun, and our loved ones and heatlh

we are all blessed, very

[trip]

Re: an example!!!

here is some good news, u can google it

Indymac, one of the subprime heathens was bought today by WHO

the same bunch of hedge fund guys who made bahzillions off of shorting the subprimce scum

the vultures are at work, that is a very good sign, smart money is coming in to pick up the bones of the dead

[firstenrgy]

Re: an example!!!

Sorry, you're not big enough of a failure for a "bailout".

LOL! Too funny!!!

[deepsouth]

Re: an example!!!

here is some good news, u can google it

Indymac, one of the subprime heathens was bought today by WHO

the same bunch of hedge fund guys who made bahzillions off of shorting the subprimce scum

the vultures are at work, that is a very good sign, smart money is coming in to pick up the bones of the dead

This is very good news!