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GMAC headed for $5 billion loss [CNN]

Tuesday, January 5, 2010 - 10:11 PMAlly Bank - Details
CNN article:
GMAC, the troubled finance company that last week scored a third government bailout, said Tuesday it expects to post a record fourth-quarter loss of $5 billion.
Note, GMAC is the parent of Ally Bank. It has been reported that Ally Bank will have to comply with FDIC's rate restrictions.
Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
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