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Credit markets may harm GMAC


http://www.detnews.com/apps/pbcs.dll/article?AID=/2008021...

Detroit News - GMAC LLC, the auto and mortgage lender controlled by Cerberus Capital Management LP, may run into "substantial difficulty" if credit markets don't improve, said Stephen Feinberg, founder of the private-equity firm. "We have detailed contingency plans ...



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February 15, 2008 02:03:00 AM
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