Not Ranked
Could be a ripple effect? GMAC isn't the only one holding these toxic sub prime loans. IF they go broke, what happens to the loans? Would that trigger a wider response from other companies holding such loans?
What if we just said "Screw it" to ALL of them. You bought the loans, you deal with it! I suspect that is basically what caused the whole melt down in the first place, WHAT to do with the toxic loans? It's still a delima.
|