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Old 12-24-2008, 07:34 PM   #1
Inspector 17
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GMAC Gets Bank Holding Company Status

I just heard this on the radio this evening. Here is the article.

http://www.reuters.com/article/topNe...edName=topNews

The benefit is that this makes the TARP money and other government assistance available to GMAC. This should be a good thing for those who want to finance through GMAC.
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