GM bailout

The Treasury Department estimates that its final loss on the GM bailout will be $9.7 billion. GM has posted net income of over $1 billion in each of the past four quarters. A review of the GM's more recent SEC filings, though, indicates that the company has sold vast numbers of vehicles to borrowers who have a high chance of defaulting on their loans. GM is hardly unique in lending money to consumers with low credit scores.

via Personal Finance | Loans - Yahoo Finance http://finance.yahoo.com/news/gm-steering-toward-another-subprime-104500091.html