GMAC Sued In Federal Court - 42 USC 1983 (!)

http://market-ticker.org/akcs-www?post=171519

Oh look what Karl Found!
The heavy hitters are gunning for GMAC!
And the best part is, they shoot straight and don't miss.

Uh, this is going to be interesting......

The “technical” problems and other issues seen in foreclosure courtrooms across this country are merely symptoms of much larger issues that impact our broader economy and in fact our national security and the economic survival of this country.

Yep.

We should have learned during the 2008 economic collapse that the the entire subprime mortgage industry was an unregulated, unchecked fleecing of the entire country. We did not learn, instead we bailed out the con artists and criminals and there were no consequences for this fundamental breakdown. Next, we shoveled more money at the criminals and con artists during the Modification Madness of 2009 and 2010.

Why of course. We've already discovered that "HAMP" played right into the PSAs that made foreclosing a racket - a very profitable racket.

The only hope we have is that passionate and ethical attorneys will stand up and fight against the tyranny of the big monied interests through class action lawsuits. It’s time for a popular uprising, for consumers to join together and fight for the principles of justice and the rule of law.

Well, that's not the only hope. It may be the only peaceful hope, and the one that we all pray takes place. I'm not very confident, unfortunately.

Note that this is a particularly-nasty suit, in that it invokes 42 USC 1983 - Deprivation of Rights under color of law or authority. I presume the argument here is that GMAC is effectively an arm of the federal government. That ought to be nice.

The entire complaint is well worth reading. In addition, this isn't a hack-job legal outfit - pay close attention here folks as the Mason Law Firm of DC is involved.... and they're quite-well known for nailing people to the cross when systematic screwing has been practiced by an industry.

Link to the PDF of the complaint

Judge Denies Protective Order of Removal of Jeffrey Stephan’s Deposition from “Internet Blog

http://4closurefraud.org/2010/10/15/judge-denies-protective-order-of-removal-jeffrey-stephans-deposition-from-internet-blog/


OOOH, hard blow for GMAC.
Jeffery Stephan must leave his dirty laundry to air in public.

GMAC Expands Foreclosure Review to All 50 States

http://online.wsj.com/article/SB10001424052748703440004575548393691124552.html

While GMAC has set up to review thei foreclosures in all 50 states, they will carry on with foreclosures.
No loan numbers or counties recorded to track the titles but GMAC still continues to think it can carry on business as usual lol.
Foolish is as foolish does.
The loans foreclosed on from this day forth, should carry a special penalty for GMAC, because at this point in time the whole country knows what GMAC refuses to acknowledge, that the mortgage banking industry purposely as well as willfully committed an act of fraud in the non transference of title obligation to their investors or MBS.

GMAC Mortgage is initiating an independent review of foreclosures in all 50 states and examining foreclosure sales nationwide to ensure procedures and documentation are accurate.

A unit of Ally Financial Inc., GMAC Mortgage was among the first companies to temporarily suspend evictions in the 23 states where court approval is required to foreclose. The new step involves "several legal and accounting firms" that will conduct "independent reviews" in all 50 states, but doesn't involve a halt of all foreclosures. A "specialized team" will look for errors in foreclosure-sale files nationwide, the company said

JPMorgan, Bank of America Face `Hydra' of Foreclosure Probes

http://www.bloomberg.com/news/2010-10-06/jpmorgan-bank-of-america-face-hydra-of-state-foreclosure-investigations.html

Ohio has some pretty stiff penalties per incident for filing false affidavits or documents.
That's one way to bring some revenue back to your state without having to borrow it.
How fitting is it to that the banks are the reason the states have lost so much revenue.


“You’re going to see a tremendous amount of activity with all the AGs in the U.S.,” Ohio Attorney General Richard Cordray said in an interview. “We have a high degree of skepticism that the corners that were cut are truly legal.”


Title insurers will be “on the hook if foreclosures are reopened,” Henning said. “The title insurers will be going after the banks or whoever assured them there was a clear title.”


While homeowners in those states and elsewhere must usually show damages to win a lawsuit, “attorneys general can just sue over deceptive sales practices and get penalties,” said Christopher Peterson, a University of

Utah law professor who specializes in commercial and contract law.

In Ohio, penalties include fines of up to $25,000 per violation, with each false affidavit or document considered a violation, according to state law enforcement officials. In Iowa, fines rise to a maximum of $40,000 for each violation.

Foreclosure Freeze

This penalty would apply to “every instance of an affidavit that was filed improperly or every time facts were attested to that weren’t true,” Cordray said

Mortgage Meltdown Mess Update

http://www.zerohedge.com/article/mortgage-meltdown-mess-update



With all the excitement over yet another market melt up, some may have forgotten about the biggest story in process of decimating the US economy, and its entire mortgage-credit backbone. Here is a brief summary of all the comings and goings in the Mortgage Meltdown Mess, which may explain why the Fed is getting aggressive about inflating the living feces out of $10+ trillion in mortgage debt.

Rep. Zoe Lofgren and CA Democratic Delegation Asks for Investigations
http://lofgren.house.gov/images/stories/pdf/letter_to_investigate_banks_-_final_10.4.10.pdf

AFL-CIO Reiterates Call for Foreclosure Moratorium
http://blog.aflcio.org/2010/09/30/banks-should-follow-chase-and-declare-moratorium-on-foreclosures/

Freddie Demands Review of Servicer Policy
http://www.freddiemac.com/sell/guide/bulletins/pdf/iltr100110.pdf

Senator Menendez Sends Stern Letters to Banks, Asks for GAO Investigation

•JP Morgan Chase: http://menendez.senate.gov/imo/media/doc/20101005ltr_JPMorgan.pdf
•Bank of America: http://menendez.senate.gov/imo/media/doc/20101005ltr_BoA.pdf
•Ally Financial: http://menendez.senate.gov/imo/media/doc/20101005ltr_Ally.pdf
•Mortgage Servicers (identical letter sent to 117 companies): http://menendez.senate.gov/imo/media/doc/20101005ltr_MortgageServicers.pdf
•GAO: http://menendez.senate.gov/imo/media/doc/20101005ltr_GAOMortgages.pdf
The Next New Century? LPS under investigation by Florida AG

AMI Calls on RMBS Trustees to Step Up to Defend Pension and Retirement Investments

http://www.the-ami.org/2010/10/01/ami-pr....

Friday, Oct. 1, 2010

Damn the AMI is a little pissed, I'm pretty sure this means that they want the banks to buy back and eat their own crap.
MERS left no paper trail, so I'm going to assume the Banks are in big time trouble.

In all cases where underlying loan files do not have the legal documents required under RMBS pooling and servicing agreements (PSAs), servicers should immediately pursue the repurchase of these loans by party that originated the loans.

Quote:

Washington, D.C. – Today, the Association of Mortgage Investors (AMI) called upon residential mortgage-backed securities (RMBS) trustees to perform their fiduciary responsibilities and protect millions of American pensioners and retirees, in the wake of reports about serious irregularities in the processing of legal affidavits by the nation’s largest mortgage servicers.

Recent press reports detail how large mortgage servicers pursuing foreclosure actions have given courts inadequate and legally defective affidavits. This deficient approach undermines the integrity and the operational framework of the housing finance and mortgage system as it exists today. In all cases where underlying loan files do not have the legal documents required under RMBS pooling and servicing agreements (PSAs), servicers should immediately pursue the repurchase of these loans by party that originated the loans. To the extent that RMBS trusts were damaged by the defective operations of servicers, AMI calls on trustees to audit and review the resulting losses to hold servicers accountable for negligence in maintaining the assets of trusts. Trustees should publicly state to investors how they are responding to these problems and protecting the trusts for which they are responsible.

The reports concerning Ally Financial and JP Morgan Chase allege that key officers of each institution failed to verify critical borrower and property information which may lead to inaccurate legal filings regarding the mortgages and the underlying properties. In the case of JPMorgan Chase, 56,000 mortgages in at least 23 states are allegedly impacted. “The capacity constraints at our nation’s largest servicers continue to be an issue of great concern to investors. We urge Ally, JP Morgan Chase, and all other servicers to invest the time and resources necessary to improve their operational infrastructure and to avoid situations where efficient mortgage servicing and collection practices are compromised. Furthermore, investors are deeply concerned about possible documentation inconsistencies related to mortgages that banks are controlling. It is vital that trustees promptly address these matters,” explained Chris Katopis, Executive Director of the Association of Mortgage Investors (AMI).

“We hope that servicers who operated in a manner inconsistent with generally accepted industry practices, whether intentionally or unintentionally, will do the right thing and immediately enforce any violations of representations and warranties in PSAs. The unfortunate and little-known consequence of these operational breakdowns is the destruction of capital needed to sustain fixed income investors reliant upon cash flow from pensions and retirement accounts,” said Katopis.

Oh, Protective Orders Now Eh? (Denied)

http://market-ticker.org/akcs-www?post=168143

Oh lord you have to look at this.
Page 5 GMAC busted by the Judge
in live technicolor
Isn't going against a court order a crime all by itself?
The risk was worth the reward I guess

Now we have Fannie trying to prevent you from knowing that GMAC, another government company, has apparently engaged in "careless" affidavit processing despite being under court order not to at the time.

What?

Yep, they asked for a protective order to prevent you from reading this.

Since it was denied, I'm going to make damn sure you can read it, and you should read it.

Since when is fraud upon the court not a matter of public interest?

Noterize this the brewing foreclosure storm

http://www.huffingtonpost.com/jennifer-brunner/notarize-this-the-brewing_b_747461.html

Another must read, by Ohio Secretary of State Jennifer Brunner

Under today's financial schemes, foreclosure documents are routinely created to demonstrate the transfer of the interest in the note so the right person brings the foreclosure lawsuit. In the case of Chase Home Finance, LLC, its Columbus, Ohio employee, Beth Cottrell, testified in her deposition that she helps create foreclosure documents by signing on behalf of the banks and financial institutions (including MERS) that have been involved. Then, a small group of notaries at Chase notarize her and others' signatures on various foreclosure documents (about 18,000 documents a month at Chase Home Finance, LLC).

While serving as a Chase Home Finance, LLC employee, Beth Cottrell's name has appeared in foreclosure affidavits from 2008 through 2010 in the Florida court system on documents showing mortgage amounts owed on behalf of Wells Fargo, U.S. Bank, Federal National Mortgage Association, HSBC, Deutsche Bank, People's Choice Home Loan, Wachovia and Citi, even though she was an employee of Chase Home Finance, LLC in Columbus.

In Ohio, I read two depositions of Beth Cottrell taken in Columbus, Ohio in May of this year, about a Florida foreclosure. I was frankly chagrined to read her description of the notary activity to process the 18,000 documents a month by the company she works for alone--using just eight notaries. In her deposition, Ms. Cottrell's stated that: no oath is administered for the signing of each document; notaries (not signers) are filling in numbers in the affidavits used in court ordered foreclosures; notarized documents are not verified by the person signing them, but rather, signers are relying on verification by others, and notaries know this at the time they notarize documents; and large numbers of documents are signed in bulk and notarized in bulk separately.

Shock Therapy For Wall Street

http://www.rense.com/general92/shock.htm


I knew the other states were sitting on the same 4 leaf clover.
MERS breaks the clear chain of title.
How much was your life worth within reason?
Punitive damages surely must apply.
The anxiety from the foreclosure experience alone holds a certain value.
Think suicide or divorce from the stress overload.
Restitution for personal pain and suffering is really not to much to ask for.

And the only corrective instrument can come from the original owner. That homeowner is sitting in the catbird seat and doesn't know it. Millions of people who THINK they have lost their homes still own them and if anyone wants a signature from those people to clear title, they are going to be required to pay dearly, which is at it should be.



What About the Non-judicial Foreclosure States?

Foreclosures have been suspended by JPMorgan, GMAC and BOA in 23 states, but what about the rest? The others are non-judicial foreclosure states, which means they allow foreclosure through a power of sale clause in a deed of trust without going to court. The presumption is that if the lender doesn't have to prove his standing to sue before a judge, he can proceed. State laws in non-judicial states allow the sale of a property to satisfy a foreclosure as long as the trustee follows the regulations concerning notice. That would seem to violate Constitutional due process, but the United States Constitution has held that due process protections apply only when the government is involved in the taking of property. When a deed of trust and promissory note are executed between two private parties (homeowners and lenders), there is no automatic due process protection. The homeowners agreed to it in writing; case closed.

But here's the catch: what if the lender signing the original documents is not the party foreclosing on the property? Then it becomes a question of fact whether the foreclosing party has authority to proceed, and that makes it a judicial issue ­ a question of fact for the courts. If the foreclosing party can show a clear chain of title ­ an assignment or progression of assignments from the original lender to himself ­ he is home free. But courts have increasingly been holding that MERS breaks the chain of title. Foreclosure expert Neil Garfield argues that even in non-judicial foreclosure states, that means the investors have to go to court to prove their case. And when they do, they will run up against the brick wall of MERS. He concludes:

"There will be a head-slapping moment when title carriers, attorneys, judges and administrative agencies and clerks suddenly realize that the monster created on Wall Street has its equivalent in the public records of counties across the nation. I doubt if more than 6-7% of all the foreclosures in the past 10 years have resulted in clear title delivered to anyone. And the only corrective instrument can come from the original owner. That homeowner is sitting in the catbird seat and doesn't know it. Millions of people who THINK they have lost their homes still own them and if anyone wants a signature from those people to clear title, they are going to be required to pay dearly, which is at it should be. Eventually the purse gets returned to the victim from whom it was snatched."

Fraud Factories Rep Alan Grayson Explains the Foreclosure Fraud Crisis

http://video.godlikeproductions.com/video/Fraud_Factories_Rep_Alan_Grayson_Explains_the_Foreclosure_Fraud_Crisis


You will not believe the 4 examples he gives for fraudulent foreclosure.
Apparently the MERS system was worked over time between 2005-2008.
If you bought or refinanced within that time period your mortgage was never physically recorded.
Listen very carefully he explains right off the bat your financial state has nothing to do with this problem. So whether your paying or not this
involves your mortgage.
If your mortgage company contacts you do not sign anything they put before you. They need a carbon footprint, don't give them yours.
Call a Real Estate lawyer if they make you an offer. The first council is always free.

By the way Alan Grayson informed the Attorney General (Eric Holder) of the United States about this and he ignored it.
Why because Freddie and Fannie are shareholders of MERS.
Can you see now how all of this is brought to you by Corporate America?
The bank bailouts now take on a whole new meaning don't they?

Mortgage-gate MERS and Robo-signers the Mortgage Industry and You

http://www.mersinc.org/about/index.aspx

You got it right from the horses mouth,
MERS makes the world paperless, and it holds all the original mortgages.
Except it's not allowed to. It's not human.
And it was endorsed by everybody who is anybody, and main streamed in as an everyday practice.

Then your have the Robo signers who where approving 7-8 thousand foreclosure a month without ever having looked at any of the paper work between 7-8 thousand foreclosure a month and attested that they had by the writ of their signature.
So they all go down together. Their is no getting out of it.
What they did is against the law in any court of the land.
But it can be turned into a country saving opportunity by paying back off our National debt with the free money we now all have.
Because seriously, who is going to continue to pay for something that they can never legally own, because there is no paperwork to ever be able to prove title of ownership.

About MERS



MERS was created by the mortgage banking industry to streamline the mortgage process by using electronic commerce to eliminate paper. Our mission is to register every mortgage loan in the United States on the MERS® System.

Beneficiaries of MERS include mortgage originators, services, warehouse lenders, wholesale lenders, retail lenders, document custodians, settlement agents, title companies, insurers, investors, county recorders and consumers.

MERS acts as nominee in the county land records for the lender and service. Any loan registered on the MERS® System is inoculated against future assignments because MERS remains the nominal mortgagee no matter how many times servicing is traded. MERS as original mortgagee (MOM) is approved by Fannie Mae, Freddie Mac, Ginnie Mae, FHA and VA, California and Utah Housing Finance Agencies, as well as all of the major Wall Street rating agencies.

APNewsBreak: BofA delays foreclosures in 23 states

http://finance.yahoo.com/news/APNewsBreak-BofA-delays-apf-3343207402.html?x=0&sec=topStories&pos=main&asset=&ccode=

And so, now Bank of America stops their foreclosure is 23 states.
And it's commonly know that MER was standard practice.
So all those millions of foreclosures are now null and void.
Whether your in foreclosure or not if you have bought a house or refinanced your house your Title to, is now involved, unless it's mortgage free.
This has nothing to do with whether you can make the payments or not.
It has to do with the bank you pay your payments to, they don't own your title to the property. They sold it in a CDO and millions of pensions cet... around the world bought them. So the bank doesn't legally own it and what you don't own ,you can't take. It's against the law and punishable by imprisonment.
Freddie and Frannie are also part of this. The government has guaranteed their loans and now the banks are going to be forced to take them back.
The FED is filled to capacity with this very same problem.

A lawyer for the homeowner in the case, James O'Connor of Fitchburg, Mass., said such problems are rampant throughout the industry.

"We have had thousands, maybe hundreds of thousands of foreclosures around the country by entities that did not have the right to foreclose," O'Connor said.

The disclosure comes two days after JPMorgan said it would temporarily stop foreclosing on more than 50,000 homes so it could review documents that might contain errors. Last week, GMAC halted certain evictions and sales of foreclosed homes in 23 states to review those cases after finding procedural errors in some foreclosure affidavits.

Consumer advocates say the problems are widespread across the lending industry.

"The general level of sloppiness is pervasive around the industry," said Diane Thompson, counsel at the National Consumer Law Center.

Foreclosures seizing up

http://finance.yahoo.com/news/Foreclosures-Slow-as-Document-nytimes-1904259345.html?x=0&sec=topStories&pos=main&asset=&ccode=

It's call M.E.R.S Ladies and Gentleman. . The supreme court of Florida has already deemed that MER is not a human entity and can therefore not legally hold the title to your property. It's been widely used by the banking industry since 1991. Take a look at the MER's sight. The question is exactly what hasn't been recorded by MERS. Not much by the way it looks.

MERS is an innovative process that simplifies the way mortgage ownership and servicing rights are originated, sold and tracked. Created by the real estate finance industry, MERS eliminates the need to prepare and record assignments when trading residential and commercial mortgage loans.
http://www.mersinc.org/


The foreclosure machinery that has forced millions of Americans out of their homes is beginning to seize up as some lenders and their lawyers are accused of cutting corners in their pursuit of rapid home repossessions.

Evictions are expected to slow sharply, housing analysts said, as state and national law enforcement officials shine a light on questionable foreclosure methods revealed by two of the country’s biggest home lenders in the last two weeks.

Even lenders with no known problems are expected to approach defaulting homeowners more cautiously and look more aggressively for resolutions short of outright eviction.

As more defaulting homeowners become aware of the lenders’ problems, they are expected to hire lawyers and challenge the proceedings against them. And if completed foreclosures were not properly done, families who bought the troubled homes could be vulnerable to claims by the former owners.

Apparently alarmed about such a possibility, one of the major title insurance companies, Old Republic National Title, has sent a bulletin to agents saying that “until further notice” it would not insure title to properties foreclosed upon by GMAC Mortgage, the country’s fourth-largest home lender and one of the two big lenders at the center of the current controversy.

JPMorgan Suspending Foreclosures

http://www.nytimes.com/2010/09/30/business/30mortgage.html?ref=business

So if they have been doing it wrong now, what have they been doing for the past 3 years?
It's called foreclosing on homes you don't hold a title for....in other words.....FRAUD.
There are millions of homes that have been processed for foreclosure in the past in this very same manner.
Ladies and Gentleman this is a very wide spread Corporate crime that entails millions of victims.
The punitive damages alone should bust this bank and many more like them.
It takes alot of audacity to take taxpayer funding to keep your doors open from the bad bets of gambling habits and the commit fraud against them to reap even more.

JPMorgan Suspending ForeclosuresBy DAVID STREITFELD

In a sign that the entire foreclosure process is coming under pressure, a second major mortgage lender said that it was suspending court cases against defaulting homeowners so it could review its legal procedures.

The lender, JPMorgan Chase, said on Wednesday that it was halting 56,000 foreclosures because some of its employees might have improperly prepared the necessary documents. All of the suspensions are in the 23 states where foreclosures must be approved by a court, including New York, New Jersey, Connecticut, Florida and Illinois.

Mortgage gate is growing

[B]It's Really On: JPM Tells CNBC It Is Systematically Reviewing Foreclosures[/B]
http://www.zerohedge.com/article/its-really-jpm-tells-cnbc-it-systematically-reviewing-foreclosures


[B]Mortgage Gate Just Got Wierder: Counterfeit Court Summons[/B]
http://www.zerohedge.com/article/mortgage-gate-just-got-wierder-counterfeit-court-summons

GMAC Halts All Foreclosures In 23 States On Heels Of Florida Judge Finding JPM Committed Court Fraud In Mortgage Misappropriation

http://www.zerohedge.com/article/gmac-halts-all-foreclosures-23-states-heels-florida-judge-finding-jpm-committed-court-fraud-

Uh Oh, looks like the shit is really going to hit the fan for the banks.
Just think about all those foreclosures that they've already done
You can't legally sell or foreclose on what you don't own.



As we pointed out last week, a certain judge in Florida set quite a precedent when he found that JPM, as servicer for a Fannie mortgage, had committed court fraud by foreclosing while not in possession of the actual mortgage. We then concluded that "The implications for the REO and foreclosures track for banks could be dire as a result of this ruling, as this could severely impact the ongoing attempt by banks to hide as much excess inventory in their books in the quietest way possible." Not a week has passed since, and we are already proven right. Today, Bloomberg discloses that GMAC Mortgage, a unit of the affectionately renamed Ally Bank, has halted all foreclosures in 23 states, including Florida, Connecticut and New York. Who would have thought that being caught with your pants down, doing something so blatantly illegal as collecting on something you do not own, would actually have adverse consequences. And GMAC is just the beginning - we expect many more mortgage servicers to scurry now that the light has been shone on their shell game. The silver lining - the permabull pundits will cheer this development now that foreclosures will plunge off a cliff as mortgage holders and servicers scramble to reconcile who owns what, and just on whose balance sheet the mortgage flows should show up.

From Bloomberg:

GMAC Mortgage may “need to take corrective action in connection with some foreclosures” in the affected states, according to a two-page memo dated Sept. 17 and obtained by Bloomberg News. Ally Financial spokesman James Olecki confirmed the contents of the memo. Brokers were told to stop evictions, cash-for-key transactions and lockouts, regardless of occupant type, with immediate effect, according to the document, addressed to GMAC preferred agents.

The company will also suspend sales of properties on which it has already foreclosed. The letter tells brokers to notify buyers that the company will extend the closing date on all sales by 30 days. Buyers will be able to cancel their agreement to purchase and get their deposit back, according to the letter.

Expect panic out of the banking crime syndicate once this story hits the MSM.

Manufacturing giants aim to protect industrial banks

http://thehill.com/business-a-lobbying/91793-manufacturing-giants-aim-to-protect-industrial-banks

The Corporate Lobbyists are going to ensure the death of this country

Business giants General Electric, Toyota and dozens of others are on the verge of a major victory over President Barack Obama’s push to rein in their financial arms.


As part of its overhaul of the financial system, the Obama administration originally wanted to close what it considered a regulatory loophole. Federal laws do not typically allow banking and commerce to mix, with a notable exception: roughly 40 industrial loan companies (ILCs) chartered in a handful of states, primarily Utah and Nevada.

The administration’s proposal prompted a multimillion-dollar lobbying effort by some of the biggest names in corporate America, which feared new regulations would hurt their bottom line and choke off credit to their customers.


And while few critics, including the Cambridge center, allege the companies spurred the financial crisis, some firms have required federal intervention.
GMAC Bank, once an industrial loan company, faced mounting losses and in November 2008 moved to transform itself into a bank holding company in order to receive a bailout, according to the Congressional Oversight Panel over the $700 billion financial rescue package. Regulators approved the request in December 2008, and GMAC got billions of dollars in aid.


CIT Group, which had roughly $9 billion in assets in its loan company, made a similar conversion in 2008 and benefited from federal bailout efforts.


In mid-March, Utah banking authorities took over Advanta Bank Corp., which had $1.5 billion in assets, after finding it was insolvent and was not able to raise sufficient capital. The FDIC took receivership of the bank.

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

Care for seconds, try thirds

http://finance.yahoo.com/news/Treasury-GMAC-in-talks-for-apf-1495891587.html?x=0&sec=topStories&pos=2&asset=&ccode=


Treasury, GMAC in talks for 3rd round of US aid
Treasury says auto lender GMAC in talks for billions more in taxpayer funds to boost capital