Quote:
Originally Posted by Skyman 08
GMAC is being seperated out of the total GM debt because GM only has a 49% stake in GMAC and is falling under other considerations as a finantial institution. It is getting it's own bailout, and it is not part of what the GM manufacturing portion is. So if the government does not include GMAC we cannot either, they have their own management, Wagonner does not run GMAC, Alvaro de Molina is the CEO of GMAC..
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If we included the debt of every company in which GM has some sort of stake, the number wouldn't reflect GM's own debt obligations. GM has appropriate debt for its size. Many companies are worse off than GM when it comes to debt. Since GM no longer owns the majority of GMAC, it isn't one of GM's debt obligations.