GMAC receives $7.5 billion in new Treasury aid
GMAC receives $7.5 billion in new Treasury aid WASHINGTON — Auto lender GMAC Financial Services will receive $7.5 billion in additional government aid to keep loans flowing to would-be buyers of GM and Chrysler vehicles and shore up its capital postion _ marking the second time the government has stepped in to prop up the lender. The Student Loan Industry Pushes Back With the Obama administration proposing to overhaul the programs a majority of American students use t
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