Just weeks after General Motors remembered to carry the one and discovered an extra $2 billion in losses during 2005, GMAC, its financial services arm, filed a report with the SEC saying it too had to restate its financial results for the first three quarters of 2004 and 2005. GMAC claims the restatement will have no impact on the already reported cash totals for those periods, which leads analysts to believe the company is just “getting its ducks in a row” in anticipation of its sale to an investment group that was announced last week.

Seriously, though, somone should get these people a nice TI-82 or something.

[Source: Reuters]


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