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I noted that they also cut the rating on GMAC, the finance division.

Do you suppose that borrowing from bondholders at 6%, and lending to car buyers at 0%, has finally caught up with them? I always thought that business model had some weaknesses.
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Do you suppose that borrowing from bondholders at 6%, and lending to car buyers at 0%, has finally caught up with them? I always thought that business model had some weaknesses.

I believe it's called supply side economics.
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