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Pelted by a wave of home mortgage foreclosures and $9.1 billion in losses during the past two years, Bloomington-based Residential Capital may be on the brink of closing its doors, according to parent company GMAC, the financial arm of General Motors ...
www.startribune.com
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www.philly.com
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As Washington officials squabbled Monday over a $50-billion auto industry bailout, Wall Street cast an alarming vote on the future of General Motors Corp., driving the company's shares to their lowest value since 1949. President-elect Barack Obama ...
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