2010-05-04 — charlotteobserver.com
"GMAC, which is 56 percent owned by the federal government, has been hit hard by the dual collapse of the housing and automotive markets. Its mortgage unit, Residential Capital LLC, or ResCap, was heavily involved in the subprime housing boom and later became saddled with bad loans when that market imploded."
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
