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The Result Of Taxpayers’ Financial Bailout Of GMAC
Article By: Angry Bear
Wednesday, October 22, 2014 10:36 PM EDT
GMAC was bailed out by the government, with remedies including government-approved board members, sales of business lines, bankruptcy of its subprime mortgage business, and more than $17 billion in government capital through TARP. Six years down the road, Treasury is selling off shares of Ally.
In this article: GM, ALLY
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