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Wednesday, February 15th, 2012

Posts Tagged ‘ GMAC bailout ’

GMAC Loosens Credit Reins After $6 Billion Treasury Loan

Dec 31st, 2008 | By Don Miller | Category: Financial News

The U.S. Treasury has agreed to lend $6 billion to GMAC LLC (GOM), the financing arm of General Motors Corp. (GM), in the latest government effort to keep the biggest U.S. automaker out of bankruptcy.