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IPFS News Link • Economy - Economics USA

GMAC Financial posts wider 2Q loss of $3.9 billion

08-04-2009 • finance.yahoo.com/news/

GMAC Inc., said Tuesday it posted a wider second-quarter loss of $3.9 billion as it shifted from being primarily an auto and mortgage loan company to an online, retail bank. In the year-ago period, the company posted a loss of $2.48 billion.

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Reported By Jack Gregson

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GMAC Financial posts wider 2Q loss of $3.9 billion

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