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Remember GMAC that you paid to bailout?

From truthispornography.com

Funny how being bailed out is nefarious from a marketing standpoint. Ally as it’s now known (but it’s still GMAC to me), is in talks to purchase the online bank, ING Direct USA for a reported $10 Billion. ING Direct has assets of $100 Billion and it’s parent, Dutch giant ING Group is seeking funds to pay back a $13 Billion debt owed to the Dutch government. Another alumnus from the bailout fiasco, CIT Group is reportedly interested in acquiring ING as well. The former GMAC is preparing for an IPO and acquiring a large base of depositors which ING has is a way to make it attractive to investors. (full story)

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