GMAC, Treasury in talks on new capital: report
General Motors Co GM.UL and is taking over the auto loan business of Chrysler. Both those automakers were put through bankruptcy reorganizations using federal funding earlier this year.
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READ MORE: GMAC Appeals to Treasury, Lending Giant GMAC, General Motors Co., Treasury Department, stress test, U.S, auto lender, Chrysler
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Administration plans big pay cuts at bailout firms
By: BiodunIginla
Thursday, October 22, 2009 by Melissa Gruz, US Desk of BBC News for the BBC'a Biodun Iginla<
about 1 month ago
News Stories
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- News Source: Simi Valley - Moorpark Examiner | 27 days agoFinancial Services is in talks with the Treasury Department for a third injection of taxpayer aid as the auto lender faces a November deadline to raise the $11.5 billion capital cushion mandated by results of the government's "stress test" earlier...
- News Source: International Business Times | 27 days agoThe bond sale comes amid conversations the Detroit-based firm, the traditional lender to General Motors Co, is having with the U.S...Chrysler, converted to a bank holding company in December to become eligible for bailout money the U.S...November 9...
- News Source: Money Morning | 27 days agois currently discussing a third taxpayer-funded bailout with the Treasury Department, according to a report in The Wall Street Journal . The news comes as a stark reminder amid talk of a recovery that many financial institutions are still...
- News Source: International Herald Tribune | 27 days agoTreasury Department officials have been locked in negotiations over how to structure the third bailout as it approaches a crucial deadline in early November for shoring up its finances. The government has injected $12.5 billion into the company and...
- News Source: United Press International | 27 days agoNovember deadline for restructuring its finances, The New York Times reported Wednesday...It was able to meet part of the requirement with a deal to allow $7.5 billion of preferred shock to be automatically converted to common stock...But the company'...
- News Source: CNN | 27 days agoThe troubled auto and mortgage lender is looking for a third round of federal assistance...Federal Reserve regarding the remaining capital requirements related to the stress test results," spokeswoman Gina Proia said. "We fully intend to comply with...
Blogs
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- Blog Source: www.newmediablog.comGMAC Asks for Fresh Lifeline. Wall Street Journal, by Dan Fitzpatrick & Damian Paletta Posted By: Photoonist- Wed, 28 Oct 2009 05:20:26 GMT In a stark reminder of how some battered financial firms remain dependent on government lifelines, GMAC
- Blog Source: vansantos.comIn a stark reminder of how some battered financial firms remain dependent on government lifelines, GMAC Financial Services Inc. and the Treasury Department are in advanced talks to prop up the lender with its third helping of taxpayer ...
- Blog Source: cryptogon.comGMAC Inc., the lender that received two government bailouts totaling $13.5 billion, is in talks with the Treasury Department to receive a third lifeline, a person familiar with the matter said. The U.S. government may inject an additional $2.8 ...
- Blog Source: www.mortgageloansequity.netA busy day ... here is a summary: From the WSJ: GMAC Asks for Fresh Lifeline . The WSJ is reporting GMAC is in advanced talks with Treasury for another bailout: The US government is likely to inject $2.8 billion to $5.6 billion of ...
- Blog Source: reactionradio.netGMAC Asks for Fresh Lifeline. Tue, Oct 27, 2009. (Business). GMAC and the Treasury are in advanced talks to prop up the lender with its third helping of taxpayer money. Go to Source. Leave a Reply. Name (required) ...
- Blog Source: files.wallstreetfolly.comGMAC Asks for Fresh Lifeline - Wall Street Journal. In a stark reminder of how some battered financial firms remain dependent on government lifelines, GMAC Financial Services Inc. and the Treasury Department are in advanced talks to ...
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Videos
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Video Source: www.truveo.com - Video Source: www.truveo.comChrysler Financial Getting $1....Video Source: www.truveo.comChrysler Financial Getting $1.5 Billion Loan from Treasury
- Video Source: www.truveo.comWill Washington Save Detroit?; ...Video Source: www.truveo.comWill Washington Save Detroit?; U.S. Car Sales Slump; The Big..Two?
- Video Source: www.truveo.com
- Video Source: www.truveo.com
- Video Source: www.truveo.comJohn Snow Says GMAC, Chrysler `...Video Source: www.truveo.comJohn Snow Says GMAC, Chrysler `Have Very Good Futures'
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@theofrancis Fixing too-big-to-fail with vigilance and better clean-up tools sounds good, but GMAC highlights some shortcomings: http://bit.ly/4fRti5
22 days ago -
@codywillard I break it down for ya: http://bit.ly/2N0gBm Why is GMAC Paying Dividends While It Begs the Taxpayer for Money? #tfree
22 days ago -
@codywillard GMAC needs $5bb in welfare this wk. Last wk, THEY PAID OUT DIVIDENDS! http://bit.ly/1S6A4U WTF?! Stop the bailouts! #tfree
22 days ago -
@timobriennyt TimOBrienNYT: Bailout Continues: Big Lender GMAC Asks for More Gov't. Aid http://s.nyt.com/u/WPV #tarp
22 days ago -
@crampell RT @louisestory You thought the bailouts were over? GMAC looks like it's getting more money$$
23 days ago -
@louisestory You thought the bailouts were over? GMAC looks like it's getting more money$$
23 days ago -
@davidmwessel It's not over yet. Treasury planning to put betwee $2.8 and 5.6 billion more into GMAC. http://bit.ly/rJwR8
23 days ago
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