Thursday, October 29, 2009
Ongoing Agony of the Banks
It is hardly surprising that GMAC is circling back to the government for a third helping of taxpayer money. GMAC is struggling under the double whammy of bad car loans and the fallout from its misguided foray into mortgage finance at the height of the housing bubble. After the government applied stress tests to the banks last May, it was the only big bank that could not raise the capital it was deemed to need...
NYT: Ongoing Agony of the Banks
NYT: Ongoing Agony of the Banks
Permalink posted by markw @ 5:58 AM 
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