U.S. takes majority stake in GMAC, giving lender $3.8 billion more in aid

(WASHINGTON POST) — The federal government said Wednesday that it will take majority control of troubled auto lender GMAC and provide an additional $3.8 billion in aid to the company, which has been unable to raise from private investors the money it needs to staunch its losses.

via U.S. takes majority stake in GMAC, giving lender $3.8 billion more in aid – washingtonpost.com.

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