We still expect to complete that repurchase by the end of the year.
We are exploring how we would attain a separate rating for GMAC. We would probably look at and evaluate any and all options that would lead to that. Whether we would pursue those options, I don't know, but certainly we want to know what those options are.
There was some interest expressed on the part of multiple parties to invest in our commercial-mortgage business. We're in discussions with those parties. We are amenable to equity partners, but GMAC's intention is to maintain a significant equity interest in this business.
What we're saying is the rumor is absolutely false. We are not preparing a bankruptcy filing.
Our financial performance is unacceptable, we know that and we've been working hard to turn around North American operations to improve our financial performance,
Being in this business, you're supposed to disclose those things.
There's a reason why (Brandon) was placed in my class.
One man with a gun can control 100 without one.