Federal Reserve Allows Ally Financial to Keep Insurance Unit

By Dakin Campbell | December 23, 2013

  • December 23, 2013 at 1:57 pm
    ExciteBiker says:
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    So they called themselves a “Bank Holding Company,” grabbed $17 billion+ of taxpayer $$, could not comply with the actual definition of what a bank holding company is, and were granted a special favor by the Fed?

    Does anyone here compete with GMAC (now Ally)? Have you seen Ally out in the marketplace buying commercial business with insane pricing?

    How much money does Ally still owe the US taxpayer? Isn’t it still an obscene amount of money– like more than $10 billion obscene?



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