From jazz at qnet.com  Sun Aug 15 11:05:32 2010
From: jazz at qnet.com (Bill Taylor)
Date: Sun, 15 Aug 2010 09:05:32 -0700
Subject: [Goglog] For just a moment there
Message-ID: <201008151606.o7FG6n74020862@mail.zarquon.net>

I thought that GM had bought up Jeep!  Just saw an ad on TV for Jeep 
Liberty, Wrangler etc. and a great low rate... from GMAC.  They would 
finance, low down, low payments, etc.  But GMAC is the finance arm of 
General Motors, and of course they only make offers on GM 
cars.  Except plainly this was not that.  Considering I had just seen 
a spot on recognizing the signs of stroke, I was concerned.

Then I recalled the GMAC spin off in the big GM meltdown.  They are 
their own bank now, so they can finance any company they 
please.  Including the competitors of their former owners.  No 
problem, its just business.

Bill Taylor

From SteveG at swhi.net  Mon Aug 16 18:52:29 2010
From: SteveG at swhi.net (Steve Gruenwald)
Date: Mon, 16 Aug 2010 18:52:29 -0500
Subject: [Goglog] For just a moment there
In-Reply-To: <201008151606.o7FG6n74020862@mail.zarquon.net>
References: <201008151606.o7FG6n74020862@mail.zarquon.net>
Message-ID: <08001A695155451E9DA95042671B8847@StevePC>


Bill Taylor says: 

> I thought that GM had bought up Jeep!  Just saw an ad on TV for Jeep 
> Liberty, Wrangler etc. and a great low rate... from GMAC.  

Surprising that you saw an ad saying this:  they are now 
called Ally Financial.  They officially changed their name 
last year, and I didn't think they were still advertising 
as GMAC.  

I believe they are now majority owned by the US Government.  

    - Steve G


From jazz at qnet.com  Mon Aug 16 21:56:15 2010
From: jazz at qnet.com (Bill Taylor)
Date: Mon, 16 Aug 2010 19:56:15 -0700
Subject: [Goglog] For just a moment there
In-Reply-To: <08001A695155451E9DA95042671B8847@StevePC>
References: <201008151606.o7FG6n74020862@mail.zarquon.net>
	<08001A695155451E9DA95042671B8847@StevePC>
Message-ID: <201008170259.o7H2wwxC004593@mail.zarquon.net>

At 18:52 8/16/2010 -0500, Steve Gruenwald wrote:
>Bill Taylor says:
>
> > I thought that GM had bought up Jeep!  Just saw an ad on TV for Jeep
> > Liberty, Wrangler etc. and a great low rate... from GMAC.
>
>Surprising that you saw an ad saying this:  they are now
>called Ally Financial.  They officially changed their name
>last year, and I didn't think they were still advertising
>as GMAC.
>
>I believe they are now majority owned by the US Government.

The GMAC was in the fine print at the bottom of the 
screen.  Otherwise I would have been oblivious.

Maybe the US Govt is trying to leverage one asset to help itself out 
of a hole.  If GMAC turns a big profit, they can buy the USG out.

Bill Taylor