GMAC Leasing Rigidity

[Kaiser Souza]

Guess I am missing your logic here. I am in LA.

If I own GM stock, I would have sold or hedged it long ago. If I am a dealer or lender I would roll out the red carpet and take any offer that is reasonable at this time to clear inventory. I would knock off $3k to move the beast.

Explain the logic of holding the price at what you thought it was worth 39 mos ago if no one wants to buy except some enthusiasts like us. Seem like you would be burning interest in the lot and adding to the pain. Remember you only have 2-3 months cash on hand to carry the entire company.