Obama Nationalizes GMAC

After first nationalizing Chrysler and Government Motors, the Obama Administration has announced plans to nationalize GMAC taxpayers will provide another $3.8 Billion Dollars to the troubled auto lender.

Will GMAC actually be able to pay the taxpayers back?

One can always hope—which is maybe just wishful thinking?

On the 19 November, I wrote here that Government Motors announced plans to repay their bailout back with taxpayers money.

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