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Fed: Only GMACt needs more bailout money

published Tue, Nov 10 2009 00:00 GMT
Nine of the 10 institutions ordered to raise more capital after this spring's 'stress tests' have reached their goals, the central bank reports. GMAC is said to need up to $5.6 billion more. GMAC is the only major bank that will need additional bailout money after it was unable to raise enough capital on its own, government officials said Monday.

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