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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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From: Sr K12/24/2008 5:40:17 PM
   of 116555
 
Does GMAC still own ResCap, the real estate brokerage arm?

rescapholdings.com

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GMAC Wins Fed Approval to Become Bank as U.S. Seeks to Aid GM
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By Ari Levy

Dec. 24 (Bloomberg) -- GMAC LLC won Federal Reserve approval to become a bank holding company, enabling the auto lender to tap U.S. financial industry bailout programs and help keep General Motors Corp. in business.

Last Updated: December 24, 2008 16:15 EST
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