damnum absque injuria

October 30, 2009

General Mills, Graduate Management Admission Council, What’s the Diff?

Filed under:   by Xrlq @ 10:40 pm

Ed Morrissey confuses GM with GMAC. Lame.

3 Responses to “General Mills, Graduate Management Admission Council, What’s the Diff?”

  1. steve Says:
    November 4th, 2009 at 7:07 pm

    Ed very much picks up that GMAC and GM are not one and the same. If you’re referring to the title, ‘Another Bailout for GM’, bailing out GMAC does sure help GM, without financing, their dealers don’t get cars on the lot, their customers don’t get financing.

  2. Xrlq Says:
    November 4th, 2009 at 8:17 pm

    Not just the title, the entire post treats the two companies as though they were one and the same. A big chunk of GMAC’s business – Ditech, anyone? – has zero/zip/nada to do with GM. Even if this requested bailout were principally about the auto financing arm of GMAC (and I have no reason to think that it is), why single out GM? They’re the financing arm for Chrysler, too.

    Full disclosure: I work for a soon to be former subsidiary of GMAC, in an industry unrelated to financing.

    Xrlq´s last blog ..General Mills, Graduate Management Admission Council, What’s the Diff?

  3. steve Says:
    November 5th, 2009 at 2:39 pm

    still not convinced he doesn’t know the difference… why he doesn’t mention Chrysler, I don’t know. If GMAC fails, so does GM, so bailing out GMAC is in effect a bailout of GM as well.

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