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GMAC to get more bail-out funds
news.bbc.co.uk ^
| 11/9/09
Posted on 11/09/2009 2:31:54 PM PST by Kartographer
The US finance group GMAC has failed to raise enough capital to cover potential losses and will need further government aid, the Federal Reserve has said.
The firm, formerly the finance arm of General Motors, was one of 10 US banks told to raise extra funds by the Fed.
(Excerpt) Read more at news.bbc.co.uk ...
TOPICS: Business/Economy; Government
KEYWORDS:
To: Kartographer
Unions suck. We would be better off sending our money to Korea or Japan.
2
posted on
11/09/2009 2:35:05 PM PST
by
rsobin
To: Kartographer
Bummer - I thought maybe I wouldn’t have to continue paying my mortgage
3
posted on
11/09/2009 2:35:13 PM PST
by
Core_Conservative
(No longer a Republican - A Proud Constitutional Conservative)
To: Kartographer
The firm, formerly the finance arm of General Motors The firm??? It is now a government welfare state.
4
posted on
11/09/2009 2:37:17 PM PST
by
2banana
(My common ground with terrorists - they want to die for islam and we want to kill them)
To: Kartographer
If these leeches get fat enought, will they fall off?
5
posted on
11/09/2009 2:40:03 PM PST
by
razorback-bert
(We used to call them astronomical numbers. Now we should call them economical numbers.)
To: Kartographer
6
posted on
11/09/2009 2:46:17 PM PST
by
Huskrrrr
To: Kartographer
Doesn't this violate trade agreements? this is government subsidization isn't it. It's official, we are now a suburb of france.
7
posted on
11/09/2009 2:48:51 PM PST
by
JoSixChip
(Time to start organizing, that's if we are ever going to.)
To: Kartographer
Did we expect anything different from:
1) Gubberment, err...General Motors?
2) An and entity that has government involvement?
8
posted on
11/09/2009 3:27:30 PM PST
by
cranked
To: JoSixChip
"Doesn't this violate trade agreements"This is ObamaMotors....the company can't sell their cars, as buyers are jumping over to a FREE MARKET AUTO MAKER, named Ford.
ObamaMotors/UAW just rip money from taxpayers' wallets to fund their kingdom.
9
posted on
11/09/2009 3:30:40 PM PST
by
traditional1
("don't gots to worry 'bout no mo'gage. Don't gots to buy no gas...Obama, he gonna take care o' me")
To: Kartographer; Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; ...
10
posted on
11/09/2009 6:56:56 PM PST
by
Nachum
(The complete Obama list at www.nachumlist.com)
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