GMAC Infusion of Cash - No Big Deal

Now that we own toads like this, shovelling cash into them will become no big deal. Meanwhile, your local bank or credit union that didn't play fast and loose with it's money and doesn't have mammoth unions supporting it politically received no such infusion.

GMAC Financial Services is close to getting approximately $3.5 billion in additional aid from the U.S. government, on top of $12.5 billion already received since December 2008, according to people familiar with the situation.

The announcement, expected within days, will coincide with GMAC taking additional steps to absorb losses related to its mortgage operations, these people said.

When you can print money and your budget deficit is $1.5T, what difference does another $3,500,000,000 make?