Comments for Ricks Economy Blog http://rickontheeconomy.wordpress.com My Economics Interests Mon, 29 Dec 2008 00:53:17 +0000 http://wordpress.com/ hourly 1 Comment on GMAC gets Fed’s OK to become bank holding company [By Emily Kaiser Emily Kaiser, WASHINGTON (Reuters)] by rambobanshee http://rickontheeconomy.wordpress.com/2008/12/28/gmac-gets-feds-ok-to-become-bank-holding-company-by-emily-kaiser-emily-kaiser-washington-reuters/#comment-2 rambobanshee Mon, 29 Dec 2008 00:53:17 +0000 http://rickontheeconomy.wordpress.com/?p=30#comment-2 Stop the insanity! How many more companies are going to try to become a bank in order to get TARP funds?! However, I think getting GMAC out from under GM's control (49% to 10%) and Cerberus' control (51% to 14.9%) will be good for GMAC so they can diversify. Stop the insanity! How many more companies are going to try to become a bank in order to get TARP funds?!

However, I think getting GMAC out from under GM’s control (49% to 10%) and Cerberus’ control (51% to 14.9%) will be good for GMAC so they can diversify.

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