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Text size [+][-]  Thursday September 2 2010GLOBAL EDITION

Considered view
13 Sep 2007 20:50

In the dog house

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Funding fears aroused rumours of bankruptcy for the mortgage lender. A new loan from Citigroup should quell that, for now at least. But owner Cerberus has a longer-term dilemma: without subprime, it’ll be much harder for the former GMAC jewel to turn a decent profit.

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More stories by:  Antony Currie






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