Relevant:
- Ally Said to Get ResCap Bondholder Backing for Bankruptcy
- ResCap, Ally Financial Mortgage Unit, Nearing Bankruptcy
- UPDATE 3-SEC probing ResCap for possible mortgage fraud
- Ally puts mortgage unit into bankruptcy
- Hedgie who owns debt in ResCap asking political rival for help keeping lender out of bankruptcy
2012-04-16 — bloomberg.com
Ally Financial Inc. (ALLY), the home and auto lender majority-owned by U.S. taxpayers, may be signaling plans to put its money-losing mortgage unit into bankruptcy, according to Fitch Ratings.
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