Search Results

To Listen to Audio click the Play Button [beneath each segment] which varies based on the browser you are using.

October 8, 2014

Title: GM is Becoming Fannie Motors
Topic: Fannie Motors

Discussed by John Berlau
with Competitive Enterprise Institute www.cei.org

When the stock market crashed in 2008, did you lose everything? Well, be careful because the investment bankers are at it again! If you can walk and chew gum at the same time, the auto loaners will give you a car!

Many auto dealers use an outside source to finance car loans. Some people use their private bank. In recent years, GM has started issuing the auto loans themselves, lumping thousands of loans together and selling the loans to investors. John Berlau says GM is becoming the “Fannie Mae” of auto loans with these “sub-prime” loans.

If it walks like a duck and quacks like a duck, then it’s probably a duck! Listen in as John explains the serious consequences which lay ahead if GM continues this risky behavior.

More from this Guest      More on this Topic      More from this Organization