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About Unique Treatment of GMAC Under TARP (Financial Institutions and Services)
GMAC is a diversified financial services firm that derives its revenues from automotive finance, where it holds a dominant position, as well as mortgage operations, insurance operations, and commercial finance. The U.S. government has spent a total of $17.2 billion to support GMAC under the TARP. GMAC received funds on three separate occasions, spanning both the Bush and Obama Administrations. As part of the government bail-out effort, GMAC has received special treatment apart from the funds in order to meet the capital buffers established under the bank and “stress tests and ” because it could not raise funds from private sources. This book examines the unique treatment given GMAC under the TARP.
Detailed Information
| Author: | Robert W. Crowley |
|---|---|
| Publication Year: | 2010 |
| ISBN: | 9781617283055 |
| Pages: | 188 |
| Language: | English |
| File Size: | 3.5 |
| Format: | |
| Price: | FREE |
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