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How mulish banks blew up the Ally IPO

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The banks spend a lot of time carping about economic uncertainty. But they have no one but themselves to blame for the latest pratfall at Ally Financial.

Ally, the car lender formerly known as GMAC that was rescued after a disastrous spin down subprime lending lane, had been hoping to do an initial public offering this month but is now more likely looking at the fall, the Financial Times reported.

The firm has MORE


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