Tagged: GMAC

GMAC needs more bailout

Troubled¬†consumer finance company GMAC reportedly needs more taxpayer bailout money, on top of the $12.5 billion it’s already received.¬† Robert Bench, an ex-deputy Comptroller of the Currency and now senior fellow at the Law school’s Morin Center for Banking and Financial Law, says it’s understandable¬†because GMAC concentrated most of its risk on a selected consumer […]