Fox News: GMAC's Transition to Bank Holding Company Means Less Control for GM, Cerberus

[riky]

GMAC's Transition to Bank Holding Company Means Less Control for GM, Cerberus
     

GMAC Financial Services' transition into a bank holding company should buy the troubled lender some time to turn itself around, but the cost is a loss of control for its owners General Motors Corp. and Cerberus Capital Management. It also raises a number of questions, including who will control GMAC going forward and how much its business model might change.<img src="You are not allowed to view links. Register or Login" height="1" width="1"/><img src="You are not allowed to view links. Register or Login" height="1" width="1"/>
     

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