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Ally Financial Repays $4.5 Billion In Government Debt

Friday, December 21, 2012 - 5:17 AMAlly Bank - Details
From CBS MoneyWatch
Ally Financial has repaid $4.5 billion of debt owed to the government after it helped bail the company out during the 2008 banking industry meltdown.
Aside from the assistance Ally received under the TLGP, the Detroit company also received a $17.2 billion government bailout. So far Ally has repaid $5.8 billion of that by selling off assets.

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Ken TuminKen Tumin5,473 posts since
Nov 29, 2009
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