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Gm Buys Americredit

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 ...