GMAC Rescue Plan Falters, Raising Bankruptcy Concern (Update1) - Bloomberg

AFP

GMAC Rescue Plan Falters, Raising Bankruptcy Concern (Update1)
Bloomberg - 4 hours ago
By Caroline Salas and David Mildenberg Dec. 10 (Bloomberg) -- GMAC LLC, the auto and home lender, failed to raise enough capital to become a bank holding company and qualify for federal aid, intensifying concern it will seek bankruptcy protection.
As GMAC Debt Offer Fizzles, ResCap Support Hangs In Balance CNNMoney.com
GMAC Awaits Its Banking Fate Forbes
guardian.co.uk - Reuters - Philadelphia Inquirer - MarketWatch
all 303 news articles

Read More...

[Source: Google News - Posted by FreeAutoBlogger]