GM Finance Arm to Get Fresh Bailout


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Published in The Wall Street Journal May 21, 2009 by Neil King, Jr. and Deborah Solomon

The Treasury Department is poised to inject more than $7 billion into the first installment of a new government aid package that could reach $14 billion, according to people familiar with the matter. As a result of the move, the government within months could end up owning both GMAC and General Motors Corp.

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