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Wednesday, March 17, 2010 8:55 PM

Published Oct 29 2009 by Washington Times

GM lender could get more Treasury funds William Ehart

When the Obama administration committed $81 billion of taxpayer money to save General Motors and Chrysler this past spring, it insisted it had no intention of bailing out the companies any further.

President Obama vowed they would not 'be kept afloat...

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...company fails. "Tim Geithner developed his bail-out-everyone strategy two years ago, before he even took over Treasury, and he'll presumably be damned if he's going to modify that strategy now" Mr. Blodget wrote

Continue reading [Washington Times - Oct 29 2009]

...previous year. "We have always been clear that having financing available for dealers and consumers was critical to the overall efforts to restructure the automotive sector" a Treasury official...

Continue reading [Washington Times - Oct 29 2009]

...they would not "be kept afloat on an endless supply of taxpayer money." Four months later...

Continue reading [Washington Times - Oct 29 2009]

First Reported 6 hours ago - Updated 2 hours ago - 13 Documents

Ed Whitacre

Taxpayers may not profit from GM bailout afterall

NEW YORK -- General Motors' new chief financial officer backtracked on a forecast by the company's boss in January that taxpayers will make a profit on GMs $50 billion bailout by the federal government.Chris Liddell, who joined the company in January ... [Published 2 hours ago by CNN Money]

Entities: General Motors Corporation, Chris Liddell, Troubled Asset Relief Program, Detroit (Michigan, United States), Ed Whitacre

First Reported Mar 15 2010 - Updated 22 hours ago - 5 Documents

American International Group Inc

Pay Czar Caps GMAC Executives - Analyst Blog

Pay czar Kenneth Feinberg has put a cap on the compensation for top executives at auto finance company GMAC Inc. ( GJM ), which continues to post losses without any likelihood of repaying the $16.3 billion of funds that it had received under the Troubled ... [Published 22 hours ago by Benzinga.com]

Entities: GMAC LLC, American International Group Inc, General Motors Corporation, Kenneth R Feinberg

First Reported Mar 16 2010 - Updated 19 hours ago - 4 Documents

Peter Welch

Many GM dealers still don't know whether they're staying open

Despite weeks of anticipation since General Motors Co. announced it would keep hundreds of dealers targeted for closure, it is still not clear which showrooms will be granted a reprieve.The automaker is deep in negotiations with some dealers but is not ... [Published 19 hours ago by Los Angeles Times]

Entities: General Motors Corporation, Arbitration, Peter Welch, Chrysler LLC

First Reported Mar 15 2010 - Updated Mar 15 2010 - 3 Documents

SAAB Automobile AB

GMAC To Provide Financing for Saab Dealers and Customers

See more news releases in: Automotive, Financing AgreementsGMAC chosen as financial services provider to Saab AutomobilePreferred source of wholesale and retail financing for dealers and customersFollowing its successful launch as an independent company, ... [Published Mar 15 2010 by PR Newswire]

Entities: GMAC LLC, SAAB Automobile AB, Bill Muir

First Reported Mar 16 2010 - Updated 22 hours ago - 2 Documents

Educational Testing Service

A New Fee Waiver Program for GMAT Test-Takers

The cost of taking the Graduate Management Admission Test (GMAT) exam can be prohibitively expensive for some B-school candidates, especially those unable to scrounge up the hefty $250 registration fee. The Graduate Management Admission Council (GMAC) ... [Published 22 hours ago by BusinessWeek]

Entities: GMAC LLC, Waiver, Admission, Educational Testing Service

First Reported 4 hours ago - Updated 2 hours ago - 2 Documents

General Motors Corporation

GM sees profit, possibly IPO this year: official (AFP)

AFP - General Motors could be ready for an initial public stock offering as early as the second half of this year, the automaker's new chief financial officer said Wednesday. ... [Published 2 hours ago by Yahoo! News]

Entities: General Motors Corporation, IPO

First Reported Mar 15 2010 - Updated Mar 16 2010 - 2 Documents

GMAC LLC

GMAC Taps Goldman For ResCap Sale

GMAC reportedly has retained Goldman Sachs to begin the process of selling Residential Capital its mortgage unit reports The New York Post ... [Published Mar 16 2010 by Institutional Investor]

Entities: GMAC LLC, Goldman Sachs Group Inc, Mortgages

Blogs

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REPORT: GMAC likely to get more cash soon from ... [Autoblog - Oct 28 2009] Filed under: Government/Legal, GMGMAC has received $12.5 billion in U.S. Treasury loans since last December, but that sizable amount of cash may not be the last ...
GMAC Has Finally Been Nationalized [Financial Sector and Stocks Analysis from Seeki ... - Oct 30 2009] Edward Harrison submits:And you thought the bailouts were over and market discipline might be restored. Not a chance – the bailouts will continue, come hell or ...
GMAC may tap Treasury for another round [Dealscape - Oct 28 2009] GMAC Financial Services Inc. is in talks with the Treasury Department for a third infusion of government funds as the lender comes up against a November deadline ...
GMAC may tap Treasury for another round [The Deal.com - Oct 28 2009] GMAC Financial Services Inc. is in talks with the Treasury Department for a third infusion of government funds as the lender comes up against a November deadline ...
Here Comes Another Bailout [MyDD - Oct 28 2009] The Wall Street Journal reports that GMAC Financial Services Inc. and the US Treasury Department are in advanced talks to prop up the lender. It will be the third ...

Audio/Video

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Chrysler Aims to Pump Life Into Car Lineup [Associated Press - YouTube - Nov 05 2009]
Chrysler Projects Breaking Even in 2010, Profit... [Bloomberg - YouTube - Nov 05 2009]
FT's Lex Columnist Comments on Chrysler Earning... [Bloomberg - YouTube - Nov 05 2009]
GM reverses on Opel [Reuters Video: Top News - Nov 04 2009]
GM's Opel Move Raises Anger, New Uncertainty [Associated Press - YouTube - Nov 04 2009]

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