Another $7.5 billion bailout for GMAC

CNN

05/21/09

The Obama administration announced Thursday that it has invested $7.5 billion in GMAC, aiming to prop up the troubled lender and boost its ability to make loans to Chrysler dealers and customers. GMAC is the main source of financing for General Motors (GM, Fortune 500) customers and was recently tapped by the administration as the main lender for Chrysler...

https://tinyurl.com/ph7c9z


Informant: Thomas L. Knapp



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