Taxpayers Continue to Own 74% of GMAC (Rebranded as Ally ...
cutting 4,800 jobs, closing all GMAC mortgage retail offices, ceasing making certain loans, and selling GMAC Home Services business.15 GMAC forgave $101.5 million in debt owed by ResCap, and forgave $95.3 million owed on ResCap notes held by GMAC.16 … ................
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