GMAC Continues Offering Car Loans After $3.9B Loss

GMAC announced it will be selling $2.9 billion in fixed notes to help cover the massive $3.9 billion loss form last quarter.  The notes will be FDIC insured and will earn a measly 1.75% interest maturing in 3 years.

Seems like the tables have turned on the giant lender as it’s not forced to plead for loans itself.

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