2/6/2012

Ally Financial Chief Executive Officer Michael Carpenter told investors that the company won't go public until it irons out issues regarding faulty home loans. Mr. Carpenter also said the home and auto lender won't give a "blank check" to its financially strapped mortgage unit. "My objective is to protect the value of Ally and to support the auto franchise, which is why the government bailed us out," Mr. Carpenter said.

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