GM Now In DoJ's Crosshairs Over Auto Loans

If you think the subprime housing mess that was the only linchpin leading up to the 2008 market crash, think again. The subprime loan legal investigation train could be headed into the station of General Motors Company (NYSE:GM) for subprime auto loans.

GM Financial receives subpoena from DoJ

GM's auto financing unit could be in the cross hairs of the Department of Justice for its practice of placing people in car ownership who had little hope of affording a vehicle.

According to a Reuters report, a recent GM Financial regulatory filing tells the story.

DoJ is reported to be asking GM Financial to produce documents that date back to 2007 that relate...