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Subject:  Re: GMAC Date:  3/9/2006  2:59 PM
Author:  jackcrow Number:  15746 of 37043

How, then, do they make it "unavailable to pay the bondholders"?

To add to jr's well thought out words, the other issues is that unless GM can stop the bleeding that money extracted from GMAC acts as a lifeboat with a pile of leaks. Its a band-aid. To borrow from Loki's words it enables GM to continue down the same path for a little while longer.

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