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Reuters: U.S. puts up $6 billion to support auto lender GMAC

Started by chris, December 30, 2008, 05:59:30 AM

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U.S. puts up $6 billion to support auto lender GMAC
      


WASHINGTON (Reuters) - The Bush administration on Monday expanded its bailout of the U.S. auto industry, saying it was buying $5 billion in equity in auto and mortgage finance company GMAC and increasing a loan to General Motors by $1 billion.<div class="feedflare">
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