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Originally Posted by recxjake
They didn't sell of GMAC, the sold 51% of it so it's credit rating would increase which leads to cheap money, which leads to more profit in the long run for GM
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Yep, nothing like selling off one of the long-term most profitable parts of your company for a little boost in the short term. Why plan beyond the next fiscal quarter or two?  
As for "cheap money".... TANSTAAFL.
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Last edited by Adept Havelock; 12-23-2006 at 12:40 PM..
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