Ha ha, I am only half-telling the truth.  GMAC, formerly GM’s financial services arm, is asking that we all refer to it as G-Diddy, a bank holding company and has become the nine-hundred and twelfth company to have done so in the past three months, give or take nine hundred.  Either way, Ben’s hand has got to be tired of signing off on these applications.  This move, of course, would make it eligible for sweet failout money that GM itself now has next to zero chance of receiving.

GMAC is still 49% owned by GM.  The remaining 51% belongs to a consortium of investors including Chrysler’s daddy Cerberus Capital and Citigroup, thus tying our beloved Bandit to yet another story of financial fail.  However, once the BHC recategorization is approved, 100% of GMAC will be owned by you and me.  You can have my share.  No, I insist.