msmith198025
December 30th, 2009, 09:31 AM
http://www.reuters.com/article/idUSTRE5BT06O20091230
GMAC Financial Services is expected to get about $3.5 billion in additional U.S. government aid to help the troubled lender absorb mortgage losses, a financial industry source familiar with the matter said on Wednesday.
The announcement is expected within days, the source said, speaking anonymously because the talks have been private.
GMAC has already received $12.5 billion in aid from the U.S. government since December 2008.
This is really getting old
GMAC Financial Services is expected to get about $3.5 billion in additional U.S. government aid to help the troubled lender absorb mortgage losses, a financial industry source familiar with the matter said on Wednesday.
The announcement is expected within days, the source said, speaking anonymously because the talks have been private.
GMAC has already received $12.5 billion in aid from the U.S. government since December 2008.
This is really getting old