Wednesday, September 21, 2011

Think of General Motors as a perfect example. Once...

Think of General Motors as a perfect example. Once a great company that made money from producing and selling cars. Then they became a bank, that happens to offers cars as part of their service. GM lost money selling cars, but made a profit from their GMAC banking business. That it not a very good business model.The GM story reflects the entire US economy. Once a great nation that produced things, now financial services are a huge part of the economy.

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