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  • GMAC Fails to Become Bank Holding Company

    General Motors was dealt another blow on Wednesday with its financing arm GMAC failing to meet the capital requirements to become a bank holding company . As a consequence, the firm will not be able to tap funding from the Treasury, one of GM's major efforts for remaining afloat. All eyes now turn...
    Posted to MND NewsWire (Weblog) by Anonymous on Wed, Dec 10 2008
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