GMAC fading

http://www.reuters.com/article/ousiv/idUSTRE4BB5FZ20081212
When GMAC fails,GM is done. Along with this breaknews on CNBC says it is going shut most of prodcution in Q1, this effectly will take out the suppliers who depend on GM since they will not be buying and means no receivables since the car makers take profit when the car ships to the dealer. If GM goes, the dealers will go right behind them. Why? Cause there inventory will lose 30%-40% of its value with the GM BK. Dark times.