Search for: "GMAC Financial"
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13 Jan 2009, 7:57 am
Dodd got his millions in campaign cash from the financial industry and special rates on his mortgages from Countrywide Financial.) [read post]
9 Jan 2009, 1:06 pm
Madoff, resigned on Friday as chairman of GMAC, the troubled financial arm of General Motors that is being aided by a federal bailout, The New York Times's Leslie Wayne reports. [read post]
6 Jan 2009, 6:42 pm
Treasury reported that, as of December 31, 2008, it had invested $177.5 billion in more than 200 U.S. financial institutions. [read post]
3 Jan 2009, 9:29 pm
Reuters: Chrysler gets $4 billion U.S. government loan "GMAC Financial Services today [December 29, 2009] announced that it has sold... [read post]
30 Dec 2008, 9:49 am
GMAC, the primary lender and financial arm of General Motors, is getting a $5 billion capital injection from the Treasury Department, thanks in part to the legal work of Wachtell and Cravath. [read post]
30 Dec 2008, 6:13 am
Stepping into deeper waters to help the auto industry, Treasury Monday night added $6 billion to the $17.4 billion bailout announced Dec. 19, chiefly to help the financial arm of General Motors Corp.Using financial markets rescue funds, Treasury will purchase $5 billion in senior preferred equity from GMAC LLC, and up to $1 billion more will be lent to GM itself so the automaker can participate in a rights offering at GMAC, which has wanted to reorganize itself as… [read post]
23 Dec 2008, 2:44 pm
Meanwhile, financial industry groups are pushing to use the bailout fund to help a wider array of companies, including automotive financing companies such as GMAC Financial Services. [read post]
17 Dec 2008, 6:28 pm
"Like the other victims and the entire financial community, Mr. [read post]
17 Dec 2008, 2:00 pm
(Check our the first installment here.)Dechert's Andrew Levander, for example, is representing GMAC chairman J. [read post]
17 Dec 2008, 12:13 pm
Ezra Merkin, chairman of lender GMAC Financial Services, one of his funds — Ascot Partners — and its auditor over investments made through Bernard L. [read post]
16 Dec 2008, 6:08 pm
" Zabel's firm has also been retained by GMAC chairman J. [read post]
16 Dec 2008, 5:07 pm
Well, that would be the gift of financial ruin. [read post]
16 Dec 2008, 3:01 pm
I should reiterate that I do believe GMAC which "provides a suite of financial programs including automotive financing, insurance and mortgage operations in approximately 40 countries around the world" is a financial institution. [read post]
16 Dec 2008, 2:35 pm
Big changes are a commin’ for financial institutions and their legal counsel. [read post]
16 Dec 2008, 9:41 am
The mortgage was assigned to RFC/GMAC, who based upon the erroneous title search, brought an …Read More... [read post]
15 Dec 2008, 6:32 pm
According to The Wall Street Journal, wealthy investors like Boston Properties chairman and media magnate Mortimer Zuckerman, New York Mets owner and Sterling Equities cofounder Fred Wilpon, GMAC chairman J. [read post]
14 Dec 2008, 12:32 am
Finally, Steven in the comments mentions that GM holds 49 percent of GMAC, which owns through subsidiaries other financial institutions. [read post]
13 Dec 2008, 10:03 am
Amalia's Chief Financial Officer, John M. [read post]
12 Dec 2008, 3:54 pm
., owner of the Century 21 and Coldwell Banker real estate brands, and Cerberus’s GMAC LLC, the General Motors Corp. financing arm, are among at least five companies owned by buyout firms that want junk bond investors to swap their securities for as little as 36 cents on the dollar. [read post]
11 Dec 2008, 8:01 pm
GMAC has been in severe financial distress for some time now. [read post]
