andrewj wrote:Any updated thoughts on how people feel about this, given more recent concerns about GM's viability? Suppose GM does file for bankruptcy and/or gets liquidated, would that affect what goes on at GMAC? And what about this holding company business (not sure if I completely understand what that means). Just wondering, before I decide to open a CD there.
Stay within FDIC!
Don't assume that you will get bailed out if more than FDIC exposure.
Don't assume that it is safe.
Note GMAC is owned by the same PE firm that owns Chrysler (Cerebrus) and boy are they suffering.