GMAC at the Forefront of Ginnie Mae's Troubled Issuers

``Note that GMAC was originally not even a bank, but was made into one for the express purpose of getting taxpayer $billions in taxpayer handouts. By keeping GMAC alive, a ridiculous notion in the first place, problems continue to mount elsewhere. GMAC has received over $13 billion in taxpayer handouts and continues to saddle Ginnie Mae with poor quality loans. No price is too high to win union votes.''