Treasury Bails Out GMAC
Tue, 30 Dec 2008 08:51:03 -0800
The US taxpayer is now in the business of making subprime car loans.Yesterday, the Treasury department announced it bought $5 billion of preferred equity in GMAC, the finance arm of General Motors (GM). The new cash -- along with a $1 billion loan to GM -- is aimed at boosting the availability of auto loans to credit-strapped consumers.
Mom's Body found by Railroad Tracks
Tue, 30 Dec 2008 08:21:29 -0800
MeLisa Cleary was 30 years old and a mother of three when her marriage started to fall apart.MeLisa Cleary's body was found near railroad tracks more than 20 miles from her home.
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