Hope over experience

10 December 2008 By Richard Beales

Creditors are resisting the finance firm s partial debtforequity swap. But GMAC only qualifies for bank holding company status and Tarp cash if it gets the swap done. With bankruptcy an alternative, that suggests creditors aren t convinced the capital boost will set GMAC right.

This content is for Subscribers only

To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)