RFC MN and GMAC Horsham Subsidiary Merger.... tough to take... - Manager Ally Financial Employee Review

The merger with Minnesota RFC Subprime unit's strategy and asset holdings took pulled down the Horsham Prime GMAC Mortgage unit unfairly..... Current financial crisis and bailout, tells which sub. really had the right thinking and which was pie in the sky easy money.... If the companies were not merged, I believe GMAC corp would of just shut GMAC RFC down in its entirety in one motion... and Horsham based employees would of been less effected by the crisis...