Govt gives GMAC $3.8B in new aid, boosts stake - Yahoo Finance
financing to thousands of GM and Chrysler auto dealers, allowing them to stock their showroom floors with vehicles. That ability was crimped as loan losses mounted at GMAC’s mortgage division — Residential Capital LLC, dubbed ResCap.
Treasury to dole out $3.8 billion to GMAC, raise stake - Reuters
WASHINGTON (Reuters) - The U.S. is injecting another $3.8 billion into GMAC Financial Services to help cover mortgage losses, in a bailout that makes the government the majority owner of the auto and home finance company. GMAC said after the capital
2009 in review: Top headlines of an exceptionally busy year - Cleveland Plain Dealer
12: A Continental commuter plane from Newark, N Sept. 28: Cleveland City Council approves a $2 million loan to a subsidiary of Jacobs Investments Inc. for construction of an indoor aquarium at the Powerhouse complex on the west bank of the
Govt gives GMAC $3.8B in new aid, boosts stake - Yahoo Finance
financing to thousands of GM and Chrysler auto dealers, allowing them to stock their showroom floors with vehicles. That ability was crimped as loan losses mounted at GMAC’s mortgage division — Residential Capital LLC, dubbed ResCap.
Treasury to dole out $3.8 billion to GMAC, raise stake - Reuters
WASHINGTON (Reuters) - The U.S. is injecting another $3.8 billion into GMAC Financial Services to help cover mortgage losses, in a bailout that makes the government the majority owner of the auto and home finance company. GMAC said after the capital
2009 in review: Top headlines of an exceptionally busy year - Cleveland Plain Dealer
12: A Continental commuter plane from Newark, N Sept. 28: Cleveland City Council approves a $2 million loan to a subsidiary of Jacobs Investments Inc. for construction of an indoor aquarium at the Powerhouse complex on the west bank of the