GMAC is the former captive finance company for General Motors. GMAC converted itself to a bank holding company late last year, as part of a restructuring to win a bailout from the U.S. Treasury ...
GMAC is the former captive finance company for General Motors. GMAC converted itself to a bank holding company late last year, as part of a restructuring to win a bailout from the U.S. Treasury ...
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President Trump's budget hasn't been released yet, but that's not stopping some of Capitol Hill's most important Republicans from giving it a cold shoulder.
GMAC Didn't Need Bank Status, After All. By Jim Henry Updated on: January 2, 2009 / 10:39 AM / MoneyWatch The net effect is nearly the same, but there's a real twist in the fine print ...
GMAC Wins Bank Status, Which Also Helps GM. By Jim Henry ... GMAC's biggest problem has been its ResCap mortgage subsidiary, which had major investments in subprime mortgages that went bad.
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