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GMAC Puts Individuals After Institutions in Bond Plan
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Contributor | Chase McFadden |
Last Edited | Chase McFadden Dec 01, 2008 12:49pm |
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Category | News |
News Date | Monday, December 1, 2008 06:00:00 PM UTC0:0 |
Description | Dec. 1 (Bloomberg) -- GMAC LLC, the financing unit of General Motors Corp., is placing individual investors who loaned the company $14.6 billion behind institutions should the company file for bankruptcy. |
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