Ailing lender GMAC gets more U.S. aid
$3.8 billion infusion gives government majority stake
Posted: December 31, 2009 at 3:59 a.m.
The government on Wednesday gave GMAC Financial Services another $3.8 billion in cash and took a majority stake in the auto lender, aiming to stabilize the company as it struggles with big losses in its home mortgage unit.
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Front Section, Pages 1 on 12/31/2009
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