"The Big Three Have Been Making Money By Loaning Money"
"Most Americans have concluded that the Japanese are designing and building better cars.Now, I agree that the Big Three make lousy cars, and most definitely make just as lousy business decisions. But apparently, these BOZOS are darn good at lending!
The Big Three have been making money by loaning money, not building cars. We have our house and cars insured by GM.
One can no longer "Buy American." The choice is between a Japanese marque car made in America or an American marque made in Mexico."
Posted by: billwald November 14, 2005 at the Mises Economics Blog
Could it be because they're VERY GOOD at exploiting the folks who bought their fabulous cars?
And Bill, of course they insure our cars and houses! More often than not, they're protecting their investments!!!