UPDATE 1-Treasury needs exit plan for Ally Financial-watchdog

Newswire

* Ally, the former GMAC, owes taxpayers $14.6 billion * Treasury says it can eventually sell shares or assets * Exit needs to consider lending for auto industry, report says By Rick Rothacker Jan 30 (Reuters) - The U.S. Treasury needs to develop a concrete plan for exiting its 74 percent stake in auto financing company Ally Financial Inc, the second-largest remaining recipient of federal bailout dollars, an internal watchdog said ...

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