NEW YORK -- Stock futures pointed to a mixed open Thursday after the government's decision late Wednesday to give an additional $3.8 billion in funding to bolster GMAC's mortgage division.
Futures for the S&P
After the close of trading Wednesday, the U.S. Treasury said it would commit $3.8 billion in new capital to automotive lender GMAC, which comes on top of the $12.5 billion GMAC received from the Treasury previously and increases the government's stake in the company to 56% from 35%.
Absolute insanity. Thankfully, they have a bottomless pit of money to dip into.