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Ally Financial Weighs Sale As IPO Looks Bleak

Friday, February 17, 2012 - 6:52 AMAlly Bank - Details
From Reuters:
Ally Financial is weighing a sale of all or part of its auto lending and banking businesses, as an initial public offering looks increasingly remote and the U.S. government seeks to recoup some $17 billion in bailout money, sources familiar with the situation said.

I'm hoping Ally Bank doesn't get acquired by another bank, especially by some megabank.
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Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
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