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THOUGHT FOR THE DAY!

"I am strongly in favor of using poisoned gas against uncivilized tribes. The moral effect should be good...and it would spread a lively terror.... "-- Winston Churchill commenting on the British use of poison gas against the Iraqis after World War I

 

Capital One stops some auto inventory financing

Capital One Financial Corp (COF.N: Quote, Profile, Research, Stock Buzz) said on Friday it will stop financing vehicle inventory for auto dealers in the states of New York and New Jersey, starting November.

Webmaster's Commentary: 

I am starting to wonder just how much of the final cost of a car is finance charges paid all along the way from building the car to shipping it to placing it on the lot, plus the interest paid by the final consumer. Do bankers outnumber mechanics on the assembly line?

Comments

Do bankers outnumber mechanics on the assembly line?

poorrichard

Yep.. We have got to get rid of the lawyers first.

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