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Straightforward...ahhhh not really



September 02, 2009 – Comments (0) | RELATED TICKERS: A , LLY

OK, something has been bothering me for a couple of weeks now, so I thought that I would get it off of my chest.  I absolutely HATE those ally bank commercials.  You know the ones...they say something like "ally - straightforward."  Here's a couple of examples of the ads before I get to why they're completely absurd:

I snagged this one from the front page of

Here's another.

Here's a few of their witty commercials where some man messes with kids:

Any of you who have made it this far are probably wondering why I hate these commercials and print ads so much.  Well, I'll tell you.  You know who "ally" bank really is?  Freaking GMAC!  Aka the company formerly known as General Motors Acceptance Corporation. 

That's right, the company that is so poorly run that it needed over twelve billion dollars  in government aid and is losing billions of dollars every quarter ($3.9 billion on Q2 including charges to be exact) wants you to lend it money at a rate of 1.75%.  How is changing your name so that nobody knows that you are really a disaster of a company that has literally been run into the ground  and was forced to take billions of dollars in taxpayer aid "straightforward?"  That's about as un-straightforward as it gets if you ask me.  I don't care what sort of guarantees deposits with these guys have.  I would never, ever lend them money out of principle alone.  Good Grief.


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