Company until ten years after the other carmakers were making car loans. With Henry long gone, Ford Motor Credit is now a huge part of the family business. So our great-grandparents thought debt was a sin. Our grandparents weren’t quite as strict, but they still thought it was really stupid and only borrowed on a few things. In 1950, Frank McNamara changed the whole financial landscape of the country with a little piece of plastic called Diner’s Club. He had made deals with several restaurants in New York City, who all agreed to accept this single form of payment across all the different
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