Toni Simonetti
Toni Simonetti
information people share
We've said let's not share information with people who don't have a need to know.
continue looking number strategic
We've always said we have a number of strategic alternatives that we're looking at...We continue to do that.
absolutely bankruptcy preparing rumor saying
What we're saying is the rumor is absolutely false. We are not preparing a bankruptcy filing.
believe credit environment ratings running strengthen therefore
We believe that such a transaction would strengthen the credit ratings for GMAC and therefore make a much better environment for running a financial-services organization.
actively engaged possible pursuing sale
We're still actively engaged in pursuing the possible sale of a controlling interest.
equity expressed intention interest invest maintain multiple parties
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.