12-31-2009, 11:35 AM
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Senior Club Cobra Member
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Join Date: Jul 2002
Cobra Make, Engine:
Posts: 15,712
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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.
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