If they survive another 6 months I would be surprised.
“We still believe we bought well,” he said of Chrysler and GMAC. “In those cases, we got caught in what we see as a ‘perfect storm’ in the auto and housing sectors.”
Who is the bigger fool those who blame the storm or those who saw the storm and laughed about it. There is no way this was a good buy if you look deep at GMAC you should have been very scared. And buying a aging and tired auto company is not a good buy.
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