Toni Simonetti
Toni Simonetti
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.
information people share
We've said let's not share information with people who don't have a need to know.
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.
review
That review is going on very intensively right now.
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.
attain certainly evaluate exploring lead options pursue rating separate whether
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.
jobs magnitude number
We are finalizing the number of jobs cuts. There will be some, but not on the magnitude of those that we have already done.