Chrysler CEO Bob Nardelli says tighter consumer credit is making it tougher to sell a car. Now the industry as a whole wants the federal government to take bad auto loans off the hands of auto finance companies. Hmmmmmm, in a matter of days it seems like everyone is targeting the credit crunch as the issue hurting the industry.
While I agree with Mr. Nardelli's assessment of tighter credit hurting sales, I am not a fan of the federal government taking bad auto loans off the hands of the finance companies.
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