Geez I think I'm going to

[Too Busy]

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This is just incredible stupid. It's bad enough that Uncle Sam wants to drag taxpayers into the mortgage business. But in case you didn't already know, there is $25B in the package for shoring up AUTO LOANS:mad::mad::mad::mad::mad::mad::mad::mad::mad::mad:

Here's an excerpt from another MSN.com money article.

The pressure is also on for Detroit’s auto-finance companies, including GMAC Financial Services, Chrysler Financial and Ford Credit.

While they’re supposed to make it easier for consumers to buy vehicles at the major automakers, a tighter credit market means they’re reducing their exposure to risk, according to Jessica Caldwell, manager of pricing and industry analysis at automotive research Web site Edmunds.com. “So only those with good credit have a chance of financing,” she said. :eek:

DUH... No Sh*t Sherlock. Giving people money that can't afford to pay is what created this mess. So let's use taxpayer dollars to buy loans on quickly depreciating assets. :mad::mad::mad::mad::mad::mad::mad::mad:


complete article availalbe at http://www.msnbc.msn.com/id/26992919/ If you feel like baing ticked off at our government.

Did I mention this makes me :mad::mad::mad::mad::mad::mad::mad:

[wolfva]

Yeah, in order to pass this 'crap sandwich' they loaded on alot of pork. So the principled politicians who voted against it last week stuffed those principles down the crapper and took great big whopping bites of said crap sandwich while praising how good it tastes. Pork. Guess it makes anything taste better.