GMAC Financial Services Announces $7.5 Billion Treasury Infusion

5/21/09 GMAC Financial Services announced $7.5 billion capital investment from the U.S. Department of the Treasury, approval by the Federal Deposit Insurance Corporation (FDIC) to participate in the Temporary Liquidity Guarantee Program (TLGP), and an expanded exemption granted by the Federal Reserve to originate GM-related assets at GMAC's bank, recently renamed Ally Bank. GMAC also...