GMAC gets $3.8 billion to cover losses

Courtesy Marketplace  Wed, 12/30/2009 - 14:35

The Treasury Department has decided to give auto-financing company GMAC another $3.8 billion bailout on top of the $12 billion it's already received.

But the reason GMAC's in so much trouble doesn't have much to do with weak car sales. Jeremy Hobson reports.


 

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