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Mortage Lender GMAC Closes Doors In Massachusetts After Lawsuit

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This week, Massachusetts Attorney General Martha Coakley announced that she will be suing five major banks for financial crimes that include wrongful foreclosure, in a major victory for the 99 Percent.
Today, one of those financial institutions announced that it would be retaliating against the state of Massachusetts for this lawsuit. GMAC now plans to end most of its lending in the state of Massachusetts, claiming that lending in the state is now "no longer viable": Good riddance, you criminal enterprise. "Don't let the door hit you..."

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