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Thursday, November 01, 2007

GMAC: $1.6B Loss

by Calculated Risk on 11/01/2007 11:14:00 AM

From Reuters: GMAC posts $1.6 bln third-quarter loss

GMAC, ... on Thursday reported a $1.6 billion third-quarter loss, hurt by mortgage losses at its home lending unit amid difficulties in the housing and credit markets.

Posted by Calculated Risk on 11/01/2007 11:14:00 AM