Sabri Oncu wrote: > By the way, GMAC is > not an "institutional" money market fund, but it is some sort of a > bank too.
it's not a bank, at least not the way "Money & Banking" folks define that term. A bank takes deposits and makes loans. GMAC does only the latter, based on its issuance & sale of bonds, etc. -- Jim Devine / "Nobody told me there'd be days like these / Strange days indeed -- most peculiar, mama." -- JL. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
