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Treasury Plans Exit From Ally Investment

Thursday, December 30, 2010 - 6:50 PM
From Reuters:
The Treasury Department converted $5.5 billion of its preferred shares in Ally Financial, the lender once known as GMAC, into common stock, laying the groundwork for exiting the investment.

Hope this helps get the FDIC off the back of Ally Bank
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Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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