Tuesday, October 27, 2009

Mo Money

GMAC goes back for more.

Citing unnamed sources, the report said the U.S. government is likely to inject between $2.8 billion and $5.6 billion in additional capital into the troubled lender. GMAC has already received $12.5 billion since December, the report said. The government's willingness to deepen taxpayer exposure to GMAC reflects its importance to the revival of the U.S. auto industry, according to the report.


I don't really have any opinion about this, just passing it on...