DISQUS

debrazza · 1 year ago

Is 0.61 to 0.68 significant? That is a pretty low rate for delinquencies if you ask me. And a 2% increase in loan debt could be consistent with inflation/price increases for autos.

jimpharo · 1 year ago

Maybe the problem hasn't been the easy availability of credit or the extension of credit to people who really couldn't afford to pay it back.

Maybe the problem is the constricting incomes of borrowers due to job loss and income stagnation/decline, coupled with dramatically rising costs of oil, food, and just about everything else?

dkmich · 1 year ago

Chrysler will not survive past 2009 no matter what, because Cerberus Capital Management simply bit off more than they could chew. GM and Ford have eighteen months -- tops -- if they don't get things rolling again.

Obama must understand also that as goes the automotive industry, so goes Michigan. How do voters feel about the candidates' auto-related policies? OffTheBus asked Peter M. De Lorenzo, author of The United States of Toyota and founder of Auto Extremist, the Internet magazine devoted to news and analysis of the car biz.

http://www.michiganliberal.com/showDiary.do?dia...



In a word, DeLorenzo described both campaigns as "clueless," but said Obama sounds slightly better today. He also indirectly rips apart George Will's assertion that the Big Three can be allowed to fail without serious economic consequences ... not just for Michigan, but for the whole nation. This, by the way, is a pretty frightening prediction:

High Crimes & Misdemeanors · 1 year ago

Yes, deregulation and making credit fun and easy eventually tumbles when the economy stops going up.

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For the REPUKES: That trickle down theory is definitely working for ya, isnt it???

MNUSA · 1 year ago

Has there ever been a more demeaning term than "trickle down economics?" It doesn't "trickle down" because those at the top are "pathologically greedy."

MNUSA · 1 year ago

I intend to keep my car until I can afford and get an efficient one. Until then, I'm going to just keep patching up my old one.

LawMichigander · 1 year ago

I am seeking legal protection or resolution in regard to my student loan debt. With student loan interest rates now almost at an unheard of 9% on a huge balance with no new jobs I have no choice. It is allowed if the payment is so huge that it lowers someone's standard of living by the payment being over 25% of a monthly income, that is the case for me now, it is at 50%.

amit · 8 months ago

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