Wednesday, December 30, 2009

GMAC to get $3.5 billion more in government aid

http://finance.yahoo.com/news/GMAC-to-get-35-billion-in-rb-407807649.html?x=0&sec=topStories&pos=3&asset=&ccode=

How long will the taxpayer be demanded to keep these failing companies alive by artificial means?......Forever?...... It would seem so.

GMAC Financial Services is expected to get about $3.5 billion in additional government aid to help the troubled lender absorb losses related to its mortgage operations, a financial industry source familiar with the matter said on Wednesday