Wednesday, December 30, 2009

Fabulous

GMAC to receive 3rd round of bailout funds - Dec. 30, 2009:
"NEW YORK (CNNMoney.com) -- GMAC Financial Services will receive a third round of bailout funds from the U.S. Treasury Department and the government will have a controlling stake in the company, according to a government report Wednesday.

The troubled auto and mortgage lender will collect $3.8 billion of additional aid on top of the nearly $13.5 billion already received since December 2008, the Treasury said in a statement Wednesday."
Outstanding. Not only do we own AIG and the toxic pile of shit that it sits on but we now own GMAC.

Why aren't people in the streets with pitchforks and torches chasing banksters down the street yet?

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