Congressional panel says GMAC has no business plan; suggests break up
Old 03-12-2010   #1 (permalink)
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Lightbulb Congressional panel says GMAC has no business plan; suggests break up

GMAC Inc. still has no business plan even after receiving a $17.2 billion investment from the government, and the Treasury Department has been lax in making sure that the bank repays taxpayers, a congressional panel said today.

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