GMAC has $2.52 billion loss; ResCap unit may fail (Reuters)

GMAC has $2.52 billion loss; ResCap unit may fail (Reuters)Reuters - Finance company GMAC LLC lost $2.52 billion in the third quarter, hurt by slumps in the housing and auto markets, and said its Residential Capital LLC mortgage unit may fail.

Original post by Reuters and software by Elliott Back

Posted by

No Comments Yet - You can be the first to comment!

Leave a comment