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U.S. to inject $7.5 billion more into GMAC

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U.S. to inject $7.5 billion more into GMAC

The U.S. Treasury Department is poised to invest an additional $7.5 billion in lender GMAC LLC in a deal that could allow the U.S. government to hold a majority stake, reports the Detroit News.

Reuters. Added by Shirley Brady on May 21, 2009

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Shirley Brady shared a reaction in Bailout, Obama's Economic Policy, General Motors, U.S. Automakers, GMAC 187 days ago

“Holy gmackerel: another $7.5 billion for GMAC.”

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U.S. to inject $7.5 billion more into GMAC

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