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Report: GMAC to get another $3.5B in federal aid

GMAC Financial Services is expected to receive $3.5 billion more in federal aid to further stabilize the automotive lender, The Wall Street Journal reported Tuesday.

 

Fannie Mae seeks $10.7B in US aid after 2Q loss

Fannie Mae plans to tap $11 billion in new government aid after posting another massive quarterly loss as the taxpayer bill from the housing market bust keeps growing.

 

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