Unique Treatment of GMAC under TARP (eBook)

Robert W Crowley (Herausgeber)

eBook Download: PDF

2016
186 Seiten
Nova Science Publishers (Verlag)
978-1-61728-628-5 (ISBN)

Infos

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 "e;stress tests"e; because it could not raise funds from private sources. This book examines the unique treatment given GMAC under the TARP.

Produkt-Details

• Erscheint lt. Verlag: 1.11.2016
• Themenwelt: Recht / Steuern ► Wirtschaftsrecht
• Themenwelt: Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Bankbetriebslehre
• ISBN-10: 1-61728-628-1 / 1617286281
• ISBN-13: 978-1-61728-628-5 / 9781617286285