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Overnight Open Thread

109
gmsc4/03/2009 12:33:18 am PDT

re: #104 Buster Bunny

Hate to say it but that actually makes sense.

In a situation where GM isnt making much money, the sale of cars and how its balanced on the accounting ledger actually means that you can use the cars as a theoretical loss for the business rather than an actual physical loss.

I hate accounting, but it seems to do wonders.

This is the same thing that the banks did for subprime loans – are you saying that made sense, too?