GMAC Leaves Individuals With $15 Billion of Car Lender’s Junk
Nov.07, 2008 in
Market Outlook
By Ari Levy and David Mildenberg
Nov. 7 (Bloomberg) — GMAC LLC may leave thousands of individuals on the hook for about $15 billion of junk-rated debt unless the auto and home lender finds a way to pay its bills.
GMAC, the largest lender to car dealers of General Motors Corp., issued more than $25 billion of [...]
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