Bankrupt US Automakers

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Bankrupt US Automakers

Darren Offline

Riesentöter PCA Member
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Posts: 981
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Joined: Jul 2006

06-04-2009, 04:48 PM

A lot of those "innocent folks" took out home equity loans or refinanced cash out to be able to buy cars and keep things going. If it wasn't for all of that none of these companies would be in the current situation, so there is blame to go around but it points in every direction, the government, the banks, the car manufacturers, and individuals.

I have a "friend" who bought a $400k house in Florida that depreciated to $200k and he walked away from it with -$200k equity. We should be punching those guys in the nuts.

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[No subject] - by - 06-01-2009, 07:26 AM

[No subject] - by - 06-04-2009, 02:18 PM

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