GMAC receives $5B in bailout funds |
The Associated Press - Dec 30, 2008 |
The Treasury Department said that it will provide $5 billion to GMAC Financial Services LLC, the ailing financing arm of General Motors Corp., in a move that's expected to stave off a bankruptcy protection filing at the company but also severely limit GM's control over it.
Read Full Article from The Associated Press
- Posted: 2008-12-30 09:30:22
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