Volume 14 - Number 5
March 12, 2010
ResCap Strategy Still a Work in Progress
Government watchdogs who are overseeing the massive Troubled Asset Relief Program are skeptical that GMAC is going to be able to finally stabilize its struggling mortgage banking operation. Although GMAC late last year decided to make another capital infusion to keep its mortgage business going and took steps to cordon off the toxic assets that have caused a lot of its problems, bankruptcy is still...
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