The Treasury Department sank billions into auto finance giant GMAC Inc. without an exit strategy or proof the company was viable -- a decision that could cost taxpayers $6.3 billion, a new watchdog report says.Read the rest of this entry >>
Thursday, March 11, 2010
Watchdog Says GMAC Bailout Could Cost Taxpayers $6.3 Billion
The Treasury Department sank billions into auto finance giant GMAC Inc. without an exit strategy or proof the company was viable -- a decision that could cost taxpayers $6.3 billion, a new watchdog report says.Read the rest of this entry >>
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