Fed: Only GMAC needs more help
The Associated Press
November 9th, 2009
The Federal Reserve said yesterday that GMAC is the onle one of 19 stress tested banks that needs more money to withstand a future downturn. This is because GMAC has been unable to raise the suffiecient amount of money it needed. The federal government said that the company is expected to repay the loans. The amount of money that is going to be given is still being discussed.
Critique
The article is a little brief and does not delve very deeply into the issue of the bank and its need for money. For a short notice however it does accomplish the goal of informing the reader of the money problem.
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