Wednesday, December 30, 2009

GM=Amtrak

This will never end, on the finance side or the automotive side.
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WASHINGTON (Reuters) - GMAC Financial Services is expected to get about $3.5 billion in additional U.S. government aid to help the troubled lender absorb mortgage losses, a financial industry source familiar with the matter said on Wednesday.

The announcement is expected within days, the source said, speaking anonymously because the talks have been private.

GMAC has already received $12.5 billion in aid from the U.S. government since December 2008.

http://www.reuters.com/article/idUSTRE5BT06O20091230

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