Is General Motors creating a subprime auto loan bubble?
“It’s becoming Fannie Motors,” Competitive Enterprise Institute finance scholar John Berlau told McMorris, referring to the government-backed housing lender Fannie Mae. “They’re still using our tax dollars to break into exotic and money-losing propositions from Chevy Volts to subprime loans, both of which could literally and figuratively blow up in their faces.”
2013-04-19 10:32:22
Source: http://cei.org/citations/general-motors-creating-subprime-auto-loan-bubble
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