GM, trying to get out of hole, still using shovel

Ahh, brilliance, thy name is General Motors. In an attempt to get more people to buy cars, GMAC will start again making loans to subprime buyers.

So, you’re going to try to sell cars to people who may already be upside down on home loans, or else are upside down on the loans for cars they want to trade in and which will be worth nothing?

Obama’s federal-level version of what Texas does, and Europe, the clunker buy-up, I’m OK with. But, GMAC trying to do it on a private dime without such a program?

More insanity.