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Wednesday, August 15, 2012

Treasury appoints private equity executive, hedge fund manager to board of Ally Financial


WASHINGTON — The Treasury Department named a private equity firm founder and a hedge fund manager to the board of Ally Financial Inc., the auto lender that the government controls after laying out billions in bailouts. Gerald Greenwald and Henry Miller were elected to the board Wednesday at a meeting of Ally's common shareholders, Treasury and Ally said in separate news releases.

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