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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: marcher who wrote (71523)11/22/2007 2:09:22 AM
From: mishedlo  Respond to of 116555
 
Desperation at GMAC
globaleconomicanalysis.blogspot.com
GMAC is considering absorbing ResCap, Selling ResCap, and/or buying a "non-U.S. mortgage unit". This is one confused company. Technically GM is bankrupt. The only uncertainty is how long Wall Street is willing to go on pretending that GM's cash flow will allow it to pay back its debts.
Mish