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,
I text-messaged Tiger and said, 'No Hawaii for you, more cash for me'.
One day, Laura mentioned to me that there were at least five reasons why we could never date.
Always read something that will make you look good if you die in the middle of it.
P. J. O'Rourke