GMAC gives up some GM financing rights via bailout
(Reuters)
<p><img src="http://d.yimg.com/us.yimg.com/p/nm/20090102/2008_12_31t113801_450x300_us_gmac.jpg?x=130&y=86&q=85&sig=TfjbJkddTvPjs36k1fR2ew--" align="left" height="86" width="130" alt="A view of a five-bedroom and two-bath home 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/20090102/bs_nm/us_gmac)Reuters - GMAC LLC on Friday said that as part of its $6 billion federal bailout and decision to become a bank, it will no longer have the exclusive right to provide low-interest loans to borrowers who buy General Motors Corp cars and trucks.</p><br clear="all"/>
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