General Motors’ financial arm is finally turning a profit since receiving a $17.2 billion cash infusion from the American taxpayer. But the money is going into the pockets of wealthy financers, not the U.S. government, according to Dealbook.

Though the Treasury Department owns 73.8 percent of the General Motors Acceptance Corporation, now called Ally Financial, instead of paying back its debt to the government Ally has given an associate mortgaging firm, ResCap, more than $1 billion in financial help.

It gets even better here ;)  : http://freebeacon.com/gmac-profits-go-to-financers-not-taxpayers/