Corvette and Camaro SS soon to be dead?

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May 2, 2009 | 01:45 PM

#61

JakeRobb

Super Moderator

Joined: Jul 2005

Posts: 9,507

From: Okemos, MI

Quote:

Originally Posted by jg95z28

What gets me is the author is considered an "enthusiast"...

http://www.thecarconnection.com/author/10001059_rex-roy
http://en.wikipedia.org/wiki/Rex_Roy

Automotive enthusiast != performance enthusiast.

May 3, 2009 | 04:51 PM

#62

flowmotion

Registered User

Joined: Dec 2005

Posts: 1,502

Quote:

Originally Posted by Darth Xed

If you want it to be the same with the govt and GM, then the govt should have imposed higher interest rates on the 'bailout loans'.

I think you're overlooking the fact that GM is insolvent because they can't afford to make their interest payments.

If the government was not subsidizing low-interest loans, GM would be gone.

Last edited by flowmotion; May 3, 2009 at 05:09 PM.

May 4, 2009 | 07:10 AM

#63

Darth Xed

Registered User

Joined: Dec 2000

Posts: 8,504

From: Ohio

Quote:

Originally Posted by flowmotion

I think you're overlooking the fact that GM is insolvent because they can't afford to make their interest payments.

If the government was not subsidizing low-interest loans, GM would be gone.

Perhaps, but there are alternatives.... for example, making the repayment term longer along with the higher interest rate....