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U.S. Treasury Secretary: GMAC Needs Less Money Than We Thought

by The Truth About Cars on October 29, 2009

“We’re likely to have to put in less capital [to GMAC] than we expected,” U.S. Treasury Secretary Tim Geithner told the House of Representatives Financial Services Committee earlier today. Which raises six major questions. First, huh? GMAC has already received not one but two direct injections of federal taxpayer assistance. Why are we arguing over

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U.S. Treasury Secretary: GMAC Needs Less Money Than We Thought

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