vaburbia

vaburBANK

How does that sound? I need to open a local bank. That logo looks pretty damn cool if I do say so.

General Motor’s financial arm, GMAC Financial Services, applied to become a bank holding company today, a move that could allow it to grab a piece of the Treasury Department’s $700 billion rescue package and give it access to the Federal Reserve’s discount window to receive emergency loans.

That was reported before Congressional leaders rejected the proposed automotive bailout.

If GMAC somehow gets a piece of the bank bailout, GM should be boycotted. The Big 3 feel like they can improve sales somehow. The only way to do this is to make cars that people want and they are not doing that right now. I can’t even think of handful of domestic cars that I would consider, besides the Cadillac CTS. Don’t even get me started on how the execs flew to Washington in their private jets. Apparently, they’re going to try again after Thanksgiving.