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Sheldon Richman is the editor of The Freeman and TheFreemanOnline.org, and a contributor to The Concise Encyclopedia of Economics. He is the author of Separating School and State: How to Liberate America's Families. ... See All Posts by This Author

Third Bailout for GMAC on the Way

Posted October 28, 2009
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“GMAC, the troubled consumer finance company, is seeking billions of dollars in additional federal aid, a move that would be its third taxpayer bailout and could give the government a majority stake in the company, according to people briefed on the situation.” (New York Times, Wednesday)

Oh brother.

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