Guess Who Owned Ally Financial’s ResCap? You Did

Minutes after Ally Financial, the bs-artist formerly known as GMAC, took its Residential Capital bankrupt, David Shepardson tweeted to his followers that all is fine: "GM owns 9.9% of Ally Financial Inc, while @USTreasuryDept owns 74 percent" Isn't that reassuring? TTAC readers are not surprised by Ally's ResCap going under. A bankruptcy by May 14 had been predicted. Shepardson is the Washington, DC Bureau Chief of the Detroit News. from The Truth About Cars http://www.thetruthaboutcars.com

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