Auto Loan Makers scavenging off of credit crunch woes

While the United States faces what President George W. Bush calls a potential for disaster in the economy, there has been summits and talks about the mortgage industry loans and 700 billion dollar bailouts. So what are auto lenders doing? Crying uncle as well.

While it's understandable that car makers have been singing the blues because the credit crunch has made it a bit tougher for those to purchase and has virtually eliminated leasing from the mainstream (which should have happened a long time ago, in my opinion), the difference is that the auto industry is asking for basically money that will be loaned out as low interest deals while the mortgage industry is, for all intents and purposes, being taken over by the government. It's a minute difference.

All this really forms out to be is another way to try and sneak in the "back door" and try to squeeze more money out, as well as put up more defense and place blame elsewhere. Getting financial aid from the feds doesn't seem to be the honorable way to go at all, or really warranted in these cases.

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Auto Loan Makers scavenging off of credit crunch woes

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