2008-06-03 — bloomberg.com
Bradford & Bingley Plc, the U.K. lender struggling to raise cash in a rights offer, must honor a 2006 deal to buy about 2.1 billion pounds ($4.1 billion) of mortgages by the end of next year from GMAC LLC.
Boy, that sucks. So how much of GMAC is afloat just because of outside-funding deals like this?
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