GMAC Chairman Steps Down Amid Madoff Suit

By Erin Fuchs (January 12, 2009, 12:00 AM EST) -- The chairman of the struggling financial arm of General Motors Corp. has resigned from its board of directors, as he faces a lawsuit taking him to task for investing $1.8 billion of his clients' money in Bernard L. Madoff's alleged $50 billion Ponzi scheme....

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