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GMAC Gets New $7B Bailout

Treasury could double the injection as it moves closer to majority stakeholder

By Clay Dillow, Newser Staff

Posted May 21, 2009 7:19 AM CDT

(Newser) – The Treasury is prepared to inject another $7 billion into GMAC as the first stage in a new bailout that could double to $14 billion, putting the government on a trajectory to be the majority stakeholder in both GMAC and General Motors by year's end,... Read full story »

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GMAC Gets New $7B Bailout

Treasury could double the injection as it moves closer to majority stakeholder

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