Our benevolent government has given another $3.8 billion to failing GMAC Financial Services. Taxpayers now own 56% of GMAC. This brings the total government bailout of GMAC to over $15 billion. GMAC is the financing arm of GM.
Showing posts with label GMAC. Show all posts
Showing posts with label GMAC. Show all posts
Friday, January 1, 2010
Good News. We Own Failing GMAC
Our benevolent government has given another $3.8 billion to failing GMAC Financial Services. Taxpayers now own 56% of GMAC. This brings the total government bailout of GMAC to over $15 billion. GMAC is the financing arm of GM.
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