Today, Residential Capital (ResCap) - Ally's mortgage servicing and lending unit that turned from being a profit engine to a lemon - is again on the verge of being put into bankruptcy, possibly within a week, according to sources with direct knowledge of the situation.
The article also described some potential issues in Ally's future relationships with GM and Chrysler for auto financing. But the main concern now is a ResCap bankruptcy. It should not have any immediate impact to Ally Bank depositors, but it could be costly for the bank's parent (which could have long-term consequences for depositors). There has been speculation that the government is pressuring Ally to sell itself as a whole or in pieces so that Ally will be able to quickly pay back taxpayers the bailout funds.