Ezra Merkin (Finally!) Leaving GMAC

What took so long? Ezra Merkin, the chairman of GMAC — and of course one of Bernie Madoff’s most prodigious feeders — is resigninng, says CNBC. This was only a matter of when, not if. The last thing GMAC, with all its troubles, needs is chairman distracted by years and years of incoming lawsuits.

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