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Originally Posted by Sweepsplayer
GMAC demand notes are very liquid, but they're an unsecured loan to GMAC and they're not covered by FDIC insurance. If something bad were to happen to GMAC, your money would be in jeopardy.
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From what I know, GMAC is a very solid company, but I still dont think that's where I'd keep my EF. Just personal comfort level speaking here though.