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As expected, the government pours another $3.8B into GMAC - and converts enough existing...

Dec. 30, 2009 4:51 PM ETBy: Jason Aycock, SA News Editor2 Comments
As expected, the government pours another $3.8B into GMAC - and converts enough existing preferred stock into common equity to raise the Treasury's stake in the lender to 56% from 35%, making it the majority shareholder.

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