GM wants to sell to more subprime buyers

http://www.msnbc.msn.com/id/37179852/ns/business-autos/

Did we not learn our lesson from housing? Of course, when the independent lenders do not want to, why not have a company that is backed by the "full faith and credit of the US government" take those subprime loaners on. Is it possible to short GM if this gets approved, because seriously, this is just stupid.