GMAC 2Q Earnings; GMAC Ending Smart-Buy Baloon Contract; Insight, Outlook For GMAC

GMAC reports $2.5 billion loss for 2Q on weak auto sales, foreclosures; GMAC auto's biggest miss ...  More »

GMAC reports $2.5 billion loss for 2Q on weak auto sales, foreclosures; GMAC auto's biggest miss was in SUVs, some misses in Trucks; GMAC does not see level of losses continuing; GMAC to change risk adjusted returns on auto products; GMAC says foreign currency trends driving up severity of loss; Analysis by Mirko Mikelic of Fifth Third Asset Management  « Less