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Americredit

Can Subprime Loans Save Government-Owned GM ?

nytimes.com | ANDREW ROSS SORKIN | Posted 05.25.2011 | Business

That helps explain the timing of General Motors' biggest deal since it emerged from bankruptcy in July 2009. Two weeks ago, the company agreed to buy ...

GM To Buy AmeriCredit Corp. For $3.5 Billion To Expand Subprime Lending

AP | TOM KRISHER and DAVID PITT | Posted 05.25.2011 | Business

DETROIT — General Motors is getting into the subprime lending business. And that means taxpayers are, too. But these car loans aren't as risky ...

Subprime-Timing

Max Fraad Wolff | Posted 05.25.2011 | Business
Max Fraad Wolff

The ink on the new financial regulations is not yet dry, but General Motors -- still a government majority owned firm -- is buying a subprime lender.