GM did create part of the credit crisis. DiTech.com. Its primary business was the variable-rate (aka "teaser rate") ARMs and home equity re-financing. In short,

GM did create part of the credit crisis. DiTech.com. Its primary business was the variable-rate (aka "teaser rate") ARMs and home equity re-financing. In short, GM put a sizable amount of cash into the sub-prime loan market, and got burned just like everyone else.