National And International Report / GMAC in talks to receive bi...

Full story: TwinCities.com

GMAC Financial Services is in talks with the Treasury Department for a third injection of taxpayer aid as the auto lender faces a November deadline to raise the $11.5 billion capital cushion mandated by results of the government's "stress test" earlier this year.

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tww

Saint Paul, MN

Shut down GMAC! Stop wasting tax dollars to prop up this failed company.

Sideshow Bob

Saint Paul, MN

tww wrote:

Shut down GMAC! Stop wasting tax dollars to prop up this failed company.

GMAC is 51% owned by Cerberus, the group that also owns Chrysler. Too big to fail? Dan Quayle on the board?

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