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GMAC Asks for Fresh Lifeline
WSJ ^ | 10/27/09 | DAN FITZPATRICK and DAMIAN PALETTA

Posted on 10/27/2009 6:44:18 PM PDT by pieceofthepuzzle

In a stark reminder of how some battered financial firms remain dependent on government lifelines, GMAC Financial Services Inc. and the Treasury Department are in advanced talks to prop up the lender with its third helping of taxpayer money, people familiar with the matter said.

(Excerpt) Read more at online.wsj.com ...


TOPICS: Business/Economy
KEYWORDS: automaker; bailout; gm
When does it stop?
1 posted on 10/27/2009 6:44:18 PM PDT by pieceofthepuzzle
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To: pieceofthepuzzle

Bankruptcy good ~ other BS just BS.


2 posted on 10/27/2009 6:50:28 PM PDT by muawiyah (Git Out The Way)
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To: pieceofthepuzzle
Never, if you really knew the outstanding liability from AIG you would probably pass out.
3 posted on 10/27/2009 6:50:30 PM PDT by org.whodat (Vote: Chuck De Vore in 2012.)
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To: pieceofthepuzzle

I’m ready to file a restraining order on GMAC.


4 posted on 10/27/2009 6:50:35 PM PDT by Vince Ferrer
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To: Vince Ferrer

I’m ready to file a restraining order on GMAC.

Yeah.. we can add Congress to that...


5 posted on 10/27/2009 6:53:38 PM PDT by mo
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To: mo

very simple ... my mind was made up when GM jumped in bed with the magic negro and bonnie fwank ...NEVER buy a GM vehicle again. (or Chrysler) Now GMAC .. see how much it is worth when no one uses their services cause no one is purchasing.

There are tooo many great Toyota’s, Hyundais and Hondas built by proud Americans that want to work for a living in stead of some sniveling union puke.

Never bought a commie bag fastard car .. not going to start now. Gm/Yugo/Chrysler .. your choice is clear


6 posted on 10/27/2009 7:03:19 PM PDT by HiramQuick (work harder ... welfare recipients depend on you!)
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To: pieceofthepuzzle

It will only stop when we stand up and stop them. Otherwise it will never stop because we lack the will to change it.

Conservatives never fight, we don’t file lawsuits, we don’t do court challanges.


7 posted on 10/27/2009 7:04:22 PM PDT by stockpirate ("if my thought-dreams could be seen. They'd probably put my head in a guillotine" Dylan)
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To: pieceofthepuzzle; Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; ...

The list, ping


8 posted on 10/27/2009 7:05:25 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: pieceofthepuzzle

Never thought I’d go Ford, but the Crown Vic is looking like the likely prospect now ...


9 posted on 10/27/2009 7:08:37 PM PDT by _Jim (Conspiracy theories are the tools of the weak-minded.)
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To: _Jim

The Crown Vic is a great vehicle. You get a lot for the price. Hubby and I have always owned Fords. We just picked up an Explorer this past Saturday. A couple of salesmen at the Ford dealership said that many people have told them they will not buy Chrysler or GM.


10 posted on 10/27/2009 7:19:27 PM PDT by GOP_Lady
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To: pieceofthepuzzle

When you get paid everyday at 10 AM and rush to the Quik Stop to buy anything before your money is devalued.


11 posted on 10/27/2009 7:35:16 PM PDT by Leisler (It's going to be a hard, long winter)
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To: _Jim

I think they ended production or are about to.


12 posted on 10/27/2009 8:00:10 PM PDT by ltc8k6
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To: ltc8k6
Wow ... did not know that!

Maybe with this design on the drawing board and in sales planning they (Ford) will reconsider:

New rear-wheel drive Chevy PD car

And -

Ford pitches Taurus as PD car

13 posted on 10/27/2009 8:15:54 PM PDT by _Jim (Conspiracy theories are the tools of the weak-minded.)
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To: pieceofthepuzzle

outrageous


14 posted on 10/27/2009 8:29:45 PM PDT by paul51 (11 September 2001 - Never forget)
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To: _Jim

http://www.accessmylibrary.com/article-1G1-170480815/way-forward-doesnt-include.html

CV went fleet-only in 2008 and the Grand Marquis is done after 09, I believe. You can still find a Grand Marquis LS retail version if you look around.


15 posted on 10/27/2009 9:06:17 PM PDT by ltc8k6
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To: ltc8k6
CV went fleet-only in 2008

Yeah, I saw that too ... looks like the CV is done for sure after 2011 - Ford said something to that effect to the union at the plant where CV's are assembled ...

16 posted on 10/27/2009 9:08:25 PM PDT by _Jim (Conspiracy theories are the tools of the weak-minded.)
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