Per the Wall Street Journal:
GMAC Financial Services Inc. and the Treasury Department are in advanced talks to prop up the lender with its third helping of taxpayer money...
Between this, and Fiat planned killing (figuratively, and too late.. ) Chrysler and Dodge Nov. 4th, How much more money can we lose? Everything???
More below the Fold..
Per Wall Street Journal.
The U.S. government is likely to inject $2.8 billion to $5.6 billion of capital into the Detroit company, on top of the $12.5 billion that GMAC has received since December 2008, (snip) Federal officials also are moving to shore up GMAC’s ability to fund its daily operations, with the Federal Deposit Insurance Corp. telling the company Tuesday the agency will guarantee an additional $2.9 billion in debt, according to people familiar with the discussions. The FDIC guarantee will make it easier for the company to sell debt to investors. The FDIC backed $4.5 billion in GMAC-issued debt earlier this year.
Between us Possibly losing Any Health Care Reform, and The Karzai CIA (As well as the Pelosi was right on CIA News today, this isn't big news I know, but it could be something..