Reuters: GMAC Chairman Merkin resigns as board revamps

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GMAC Chairman Merkin resigns as board revamps
      

NEW YORK (Reuters) - Finance company GMAC LLC said on Friday Chairman Ezra Merkin, the hedge fund founder stung in accused fraudster Bernard Madoff's alleged scheme, will resign as part of changes to the board needed for it to be eligible to receive government funds.<div class="feedflare">
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