Thank you sir, may I have another. GMAC is asking the federal government to extend it a third financial lifeline.
This feels like a bad episode of "Who Wants to Be a Millionare?" with the government playing the role of Regis Philbin.
The lending giant is looking for nearly $6 billion on top of the more than $12 billion it has already received - and it appears the fed is ready to open the bank again.
The move would make GMAC the only US company to receive three rounds of bailout aid.
When is it time to let GMAC fail? How much is too much for taxpayers to bear? Let's hear your final answer....
