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Title: GM, GMAC loosen finance pact after lender bailout (Reuters)
Tags:bailout & borrowers & cars & general motors & general motors corp & gmac & low interest loans & trucks
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A view of a five-bedroom and two-bath home in Detroit, Michigan September 23, 2007. (Rebecca Cook/Reuters)Reuters - GMAC LLC on Friday said that as part of its $6 billion federal bailout and decision to become a bank, it will no longer have the exclusive right to provide low-interest loans to borrowers who buy General Motors Corp cars and trucks.


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