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GMAC

Stock Investing > Finance Professor

GMAC seeking third round of bailout funds

Mahar | Wed, 10/28/2009 - 10:15am | bailout funds, bailouts, Financial Services, GMAC, government bailouts, treasury bailout, U.S. Treasury Department |  1 comment

GMAC seeking third round of bailout funds - WSJ - Oct. 28, 2009: "GMAC Financial Services is seeking a third round of bailout funds from the U.S. Treasury Department, according to a report in the Wall Street Journal....the U.S. government could provide an additional $2.8 billion to $5.6 billion to t ... Read more

Trading > Calculated Risk

GMAC to Receive $7.5 Billion from Treasury

Calculated Risk... | Wed, 05/20/2009 - 12:32pm | GMAC, GMAC LLC, government majority stake in GMAC, Treasury Department |  3 comments

From the Detroit News: Feds to inject $7.5B more into GMAC (ht jb)The Treasury Department is preparing to announce as early as today that it will invest an additional $7.5 billion in GMAC LLC in a deal that could allow the U.S. government to hold a majority stake in the Detroit-based auto finance ... Read more