RE: Wanted: Detroit Leadership
In the loan industry stated income loans are known as "lier" loans. Last time i looked it was a felony to lie on a loan application.. the banking industry set up an environment where it encouraged people to lie on their loan apps and now we (the U.S. taxpayers) have to pay for it... So, as far as the car industry goes .. at least no one lied about their income to get a car loan.. the car industry is just victims of the home mortgage fiasco... But last time i looked we were a capitalist country which meant supply and demand dictates prices not a government bail out.