There was a time when American corporations discovered that financial services were more profitable than manufacturing. The biggest division of GM was GMAC.
The "profits" were at least partially fraudulent -- division managers cooking the books in order to make their numbers. I seem to recall that some of them went to prison.
The "profits" were at least partially fraudulent -- division managers cooking the books in order to make their numbers. I seem to recall that some of them went to prison.