Exchange Rates

GMAC Said to Discuss U.S. Aid Package of $3 Billion or More

Posted by Dean Popplewell at 6:02 am UTC, 12/30/2009

GMAC Inc., the home and auto lender that counts the U.S. government as the largest stakeholder, is discussing with the Obama administration a third bailout of $3 billion to $4 billion. GMAC received two earlier rounds of government aid totaling $13.5 billion as it struggled with losses at home-mortgage operations.

Filed under: Forex Round Up, USD

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