GMAC gets Fed's OK to become bank holding company
(Reuters)
<p><img src="http://d.yimg.com/us.yimg.com/p/nm/20081225/2008_12_24t170741_450x300_us_financial_gmac.jpg?x=130&y=86&q=85&sig=CP5KMqWh9n6GSyu2oLTFRg--" align="left" height="86" width="130" alt="A view of a five-bedroom and two-bath home with a GMAC real estate sign in Detroit, Michigan September 23, 2007. (Rebecca Cook/Reuters)" border="0" /> (http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20081224/bs_nm/us_financial_gmac)Reuters - GMAC LLC won U.S. approval on Wednesday to become a bank holding company, giving it access to government lending programs and helping it stave off bankruptcy.</p><br clear="all"/>
http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20081224/bs_nm/us_financial_gmac