Ally Financial (ALLY) 10-Q2007 Q3 Quarterly report

Filed: 7 Nov 07, 12:00am

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New words: absence, accessed, added, ahead, alternative, anytime, appetite, attempt, Australia, bilateral, blanket, building, category, closure, Common, concurrent, confirm, consent, deconsolidation, defeased, delegation, delivery, depressed, dialogue, dislocation, downturn, duration, electronic, encumber, encumbered, fall, FHLB, fluctuating, foreseeable, heavily, hindered, horizon, inappropriate, infusion, intrasegment, introduced, investigate, joint, ladder, land, lien, light, main, MALA, marketplace, meaningful, medium, menu, methodology, minimum, move, moved, moving, MSR, nonbank, noncash, nonconforming, nonconverting, nonderivative, nonpayment, nonstandard, nonsubvented, objective, Optimizing, outpaced, par, peak, permanently, persisted, persistence, pretax, quickly, rapidly, referenced, regularly, repricing, resell, resolution, retroactive, RLA, shifted, slope, software, speed, stagger, streamline, tangible, tenor, TermNote, tightening, transmission, unaffected, unchanged, unclear, undefeased, undertaken, unexpected, view, vital, workforce

Removed: aging, attract, breach, commensurate, determining, development, extension, holding, indemnification, Latin, ownership, plc, prove, weather

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Exhibit 12
GMAC LLC

RATIO OF EARNINGS TO FIXED CHARGES


	Nine months ended
	September 30,

($ in millions)	2007			2006

Earnings
Consolidated net (loss) income		($1,608	)		$1,110
Provision for income taxes		241			766
Equity-method investee distribution		42			654
Equity-method investee earnings		(80	)		(510	)
Minority interest in consolidated subsidiaries and loss/(income) from equity investees		1			(10	)


Consolidated (loss) income before income taxes, minority interest and loss/(income) from equity investees		(1,404	)		2,010
Fixed charges		11,225			11,803


Earnings available for fixed charges		9,821			13,813
Fixed charges
Interest, discount, and issuance expense on debt		11,163			11,737
Portion of rentals representative of the interest factor		62			66


Total fixed charges		$11,225			$11,803
Ratio of earnings to fixed charges (a)		0.87			1.17


(a)	The ratio calculation indicates a less thanone-to-one coverage for the three months ended September 30, 2007. Earnings available for fixed charges for the three months ended September 30, 2007, is inadequate to cover total fixed charges. The deficit amount for the ratio is $1,404 million.