Ally Financial Explores Options For Treasury Exit, Seeks Immunity From ResCap Related Lawsuit

Ally Financial, what used to be known as the General Motors Acceptance Corporation, GMAC, before GM’s bankruptcy and bailout, itself received over $17 billion from the U.S. Treasury during the bailouts of 2009. On Tuesday the company said that it was looking into options on how to repay that money and comply with the Federal Reserves’ latest stress tests for financial institutions. Ally is 74% owned by Treasury and it is trying to buy back some taxpayer-owned stock and reach an agreement with the Fed on its capital structure (known as the “Comprehensive Capital Analysis and Review”) so it can offer stock in an IPO. Ally had originally planned on a 2011 IPO but having to resolve claims against its bankrupt Residential Capital mortgage unit delayed that. ResCap hopes to be out of bankruptcy by 2014.

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  • Golden2husky Tuscadero? Wonder if the interior comes in Leather...
  • Lou_BC I don't like black. I wouldn't want white because that's your standard fleet colour. I lean towards colour's that are less likely to show scratches and dings. The blue on my ZR2 is nice colour but a bad colour for showing up trail rash and dust. It wasn't my 1st choice but at the time it was the only truck I could find at a price I was willing to pay.
  • Michael I don’t have the luxury of choosing the color of my car and even people in my life who have recently purchased relatively expensive new cars are having their choice of what local dealers have or what they’re getting in soon, shades of grey and white. If I had the choice I would have gone with color when I was younger but now would choose a silver, grey, or black. Whatever looked best on the model.
  • CoastieLenn That price seems a bit high for a high mileage mid-tier Accord, especially a coupe whose resale is typically lower than the stalwart sedan. I do like this generation coupe a lot though.
  • La3541 Red is my go-to color. I love candy-apple red (guards red on Porsche). I have had several red cars. Maroon is not good though.I have always loved British racing green and recently got my first one. A British racing green 4-series that I had to special-order.Silver, black, gray, and white are pretty boring. However, as RNA656.. stated, white looks good on some cars. for more boring colors, I also like chalk on porsches. Nardo gray on Audis is pretty nice.