Tag Archives: GMAC

GMAC: "It's not a money pit"

Posted on October 29, 2009 by OneMom

Just for fun, let’s take another look at the twisted thinking of the Federal Government and GMAC officials regarding their reasons for a THIRD bailout of the auto lender. The information is from the NY Times. The comments in italics … Continue reading →

Posted in Economy, Politics | Tagged , , , | 2 Comments

Financial Headlines

Posted on October 28, 2009 by OneMom

A quick look at financial headlines this morning: GMAC is asking for more taxpayer money to help them out of their financial woes. This will be the THIRD bailout for GMAC, having received $12.5 billion dollars in the last 10 … Continue reading →

Posted in Economy, Politics | Tagged , , , , , | 4 Comments

GMAC wants to be a "bank"

Posted on November 20, 2008 by OneMom

One day after the Big Three auto makers left Washington DC in their private jets after being told they wouldn’t be getting any bailout money (at least not yet) from U.S. taxpayers, the financing division of General Motors – GMAC … Continue reading →

Posted in Economy, Politics | Tagged , , , , | 13 Comments