News and Reviews of the Latest Luxury Cars and SUVs
Wednesday March 10th 2010

‘General Motors’ Archives

Credit Crunch Starting to Uncrinkle?

Just as demand for big ticket items dropped like a rock, banks got scared and tightened their lending requirements, effectively closing the barn door after the horses had gotten out. I’m not saying that they didn’t need to rethink their lending practices – they did. They were making loans to people who couldn’t pay them back, especially in [...]