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Loan Modification

: Mortgage Lender Implode-o-Meter

Treasury Said to Plan Second Bailout for GMAC

By Implode-Explode Heavy Industries

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"The Treasury Department has decided to bail out GMAC, the former financing arm of General Motors, with $7.5 billion, according to people familiar with the discussions, which would bring its total federal assistance to more than $12 billion."

Full post as published by Mortgage Lender Implode-o-Meter on May 21, 2009 (boomark / email).

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