I wish this was a joke but its not, Ally Financial that is still owned by 50% of the tax payers and received billions in bailout money is now going to go public....unfucking real....amazing how these companies can just get bailed out and come back into the public spotlight as if nothing was ever wrong, simply amazing. You know what, its not ALLY financial its still fucking GMAC the company that made bad auto and home lender loans that got bailed out by tax payer money....but dont worry about the bad loans and the billions it took to prop up this company, failure is rewarded in this economy!!! Ally Financial has 'bake off' for IPO, CNBC says By Alistair Barr SAN FRANCISCO (MarketWatch) -- Ally Financial is having a "bake-off" in which investment banks compete to underwrite an initial public offering by the auto lender, CNBC said Wednesday. The IPO of Ally could be between $5 billion and $10 billion, CNBC also reported. Formerly known as GMAC, Ally had to be bailed out by the U.S. government, which committed more than $17 billion to save the company during the financial crisis. The company is currently more than 50% owned by taxpayers. An IPO this year would help the Treasury Department cut that ownership stake.