GMAC Continues Sponsorship of Bowl Game Despite $5 Billion Taxpayer Ba

Jeff Poor
January 2nd, 2009 5:39 PM
GMAC may be in financial trouble, but that isn't stopping the auto lender-turned-bank holding company from maintaining its corporate sponsorships. The question is - will anyone notice?  In October, GMAC (NYSE:GKM) changed its legal status so that it would be eligible for TARP funds passed by Congress. Late last month, GMAC was approved to receive a $5 billion lifeline from the U.S. government.…