2008-10-29 — housingwire.com
"The mad rush for federal handouts is officially on, and the latest twist involves mega-lender GMAC LLC, co-owned by General Motors Corp. (GM: 6.39 +2.24%) and Cerberus Capital Management LP — media reports Wednesday morning suggested the financial giant is mulling a commercial bank charter in order to access some of the $700 billion funds approved by Congress under the Treasury’s Troubled Asset Resolution Program, or TARP."
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