General Motors Under Troubled Asset Relief Program
The government spent $17.2 billion in support of GMAC and now owns a 56.3 percent stake in the company.
Officials from the U.S. Department of Treasury, GMAC Financial Services executives, and industry analysts testified about their perspectives… read more
Officials from the U.S. Department of Treasury, GMAC Financial Services executives, and industry analysts testified about their perspectives on GMAC’s current and future financial stability, the structure and staging of Treasury’s investments in GMAC, the rationale behind that support, and GMAC’s strategic initiatives and plans to repay the taxpayers' investment.
The government spent $17.2 billion in support of GMAC and now owns a 56.3 percent stake in the company. close
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