Republican stalwart Elliott Associates' Paul Singer asking Obama administration for help keeping Ally Financial mortgage unit ResCap out of bankruptcy - NYPOST.com

nypost.com — Billionaire hedge-fund mogul and Republican stalwart Paul Singer is in an odd position of late - asking the Obama administration for help to keep troubled mortgage lender ResCap out of bankruptcy. Singer, whose Elliott Associates owns debt in the mortgage lender, a unit of Ally Financial, asked Treasury Secretary Tim Geithner in recent weeks to use the government's 74-percent stake in Ally to press for an alternative financial cure.
This is rich. Billionaire Paul Singer, a $1M donor to Romney super PAC, asked Obama admin to protect co from bankruptcy t.co/Sy6E9pgb