The fat lady ain't singing yet. NY Times:
The Treasury Department has decided to bail out GMAC, the former financing arm of General Motors, with $7.5 billion, according to people familiar with the discussions, which would bring its total federal assistance to more than $12 billion.
The deal is expected to close on Thursday and comes two weeks after federal regulators concluded from a stress test on GMAC that it needed an additional $11.5 billion in capital to weather a severe downturn in the economy.
