Let me guess...that's what Wall Street wants? More consolidation is not a trend that bodes well for anyone, especially in the financial markets. Anyway, it's unclear why the federal government should do anything to save this group. Let them make as much money as they want on their own, without any help. If they're so convinced of their self worth let them prove it in the infamous free market.
Geithner's Treasury is always there for the big players so work on your tennis and prepare to be part of the Wall Street elite if you want anything. This is one case where elections did not make a damned difference at all but that's OK because the economy isn't very important anyway.
The Treasury Department is racing to engineer the sale of Chrysler's financing arm in a move the administration deems vital to saving the troubled automaker, but other federal agencies have not given their support, sources familiar with the matter said.
The Obama administration wants the nation's largest auto-financing company, GMAC, to buy Chrysler Financial, which is the primary source of lending for Chrysler dealerships and car buyers, industry officials said. But GMAC needs a new round of backing to buy its longtime rival, sources said.
