Monthly Archives: July 2010

GM AmeriCredit: GM to buy AmeriCredit Corp. for $3.5 billion – latimes.com

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GM AmeriCredit: GM to buy AmeriCredit Corp. for $3.5 billion – latimes.com.

Can somebody explain how a company that was bankrupt yesterday can buy a financial institution for $3.5 Billion. Something is clearly wrong with this picture.

Has nobody learned from the past?