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 "stress tests" because it could not raise funds from private sources. This book examines the unique treatment given GMAC under the TARP.
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Formaat PDF ● Pagina’s 186 ● ISBN 9781617286285 ● Editor Robert W Crowley ● Uitgeverij Nova Science Publishers ● Gepubliceerd 2016 ● Downloadbare 3 keer ● Valuta EUR ● ID 7219889 ● Kopieerbeveiliging Adobe DRM
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