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Bankruptcy

: The Debt Podcast

Schadenfreude Moment: GMAC May Go Bankrupt

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GMAC, the large consumer lender, as well as the Big Three auto makers are teetering on the brink of bankruptcy.  Consumer debtors may be forgiven for taking a certain pleasure in their potential discomfort. GMAC has been in severe financial distress for some time now.  This week, their plan to raise enough capital to meet the [...]

Full post as published by The Debt Podcast on December 11, 2008 (boomark / email).

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