Where is the outrage now? Cant have health insurance reform but ok to socialize GMAC amd Fannie/Freddie?? Breaking News: U.S. taking majority ownership of GMAC

News Alert
04:30 PM EST Wednesday, December 30, 2009

U.S. taking majority ownership of GMAC

The federal government said Wednesday it will take majority control of the troubled auto lender GMAC, providing another $3.8 billion in aid to the company, which has been unable to raise from private investors the money it needs to staunch its losses. GMAC, which already has taken $12.5 billion in direct federal aid along with other forms of government support, is the largest lender to General Motors and Chrysler dealerships and to their auto-buying customers.

For more information, visit washingtonpost.com - http://link.email.washingtonpost.com/r/YLCS8G/A0G8N/HDGUW5/EJKNZI/47GTN/9A/t