GMAC will get less than the $5.6B in additional federal support that gov't was considering

GMAC, Treasury in talks to finalize amount of new capital, in exchange for equity / stock

GMAC has received $13.4B in gov't capital; Treasury holds 35.4% stake in GMAC

Couldn't raise enough outside capital to assure regulators it was prepared for new downturn

Other financial institutions went through "stress tests" to assess financial health

GMAC has asked US Treasury to hold off on making new capital infusion

Plan to infuse more capital in GMAC has drawn criticism

Gov't wants to see restructuring plan from new board and management

Treasury believes GMAC is in unique and difficult situation

"We said, 'If you do not raise capital from the private markets, if you are unable to, we will put capital into you because it is important to the stability of the system.' It was never going to be possible for GMAC. They are in a unique and difficult situation." -- Treasury Secretary Timothy Geithner

"TARP was an emergency fund that was set aside to rescue firms in distress last year. Clearly, if GMAC failed, it would not bring down the financial system. Instead, this is a way for taxpayers to subsidize people buying cars." -- Paul Atkins, member, Congressional Oversight Panel