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Government Assistance for GMAC/Ally Financial.

Authors :
Webel, Baird
Canis, Bill
Source :
Congressional Research Service: Report; 1/26/2015, p7-10, 4p
Publication Year :
2015

Abstract

The article discusses general and specific assistance provided by the U.S. government to automobile financing company General Motors Acceptance Corporation (GMAC), later renamed as bank holding company Ally Financial, during the 2008-2009 financial crisis. Assistance provided include Commercial Paper Funding Facility (CPFF) of Federal Reserve, Temporary Liquidity Guanrantee Program (TLGP) of Federal Deposit Insurance Corporation (FDIC), and Troubled Asset Relief Program (TARP).

Subjects

Subjects :
FEDERAL aid to financial institutions
GLOBAL Financial Crisis, 2008-2009
COMMERCIAL paper issues

Details

Language :
English
ISSN :
07317069
Database :
Complementary Index
Journal :
Congressional Research Service: Report
Publication Type :
Report
Accession number :
103300834

Tools

Authors Abstract Subjects Details