Fed makes GMAC a bank holding company

Discussion in 'World Events' started by NewsBot, Dec 24, 2008.

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  1. NewsBot

    NewsBot Guest

    WASHINGTON (AP) -- The Federal Reserve has granted a request by the financing arm of General Motors to tap the government's $700 billion rescue fund, bolstering GM's ability to survive....

    By MARTIN CRUTSINGER

    Read the full story.
     
    NewsBot, Dec 24, 2008
    #1
  2. Old Salt

    Old Salt Big Time BS

    Can I be declared a bank, too? I loaned a friend some money once.
     
    Old Salt, Dec 24, 2008
    #2

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