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GMAC Fails to Make Cut as Bank Holding Company, Casting Doubt on Survival GMAC LLC, the auto and consumer lender seeking federal aid, failed to obtain enough capital to become a bank holding company and may abandon the effort, casting new doubt on the company’s ability to survive.
QUOTE(Snuffysmith @ Dec 10 2008, 06:22 AM) 
GMAC Fails to Make Cut as Bank Holding Company, Casting Doubt on Survival GMAC LLC, the auto and consumer lender seeking federal aid, failed to obtain enough capital to become a bank holding company and may abandon the effort, casting new doubt on the company’s ability to survive.
There was a time (4 years ago) when GMAC made more money for GM than selling cars did.
Ahh, the good ole days.
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