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Entries tagged "US Treasury"GMAC becomes a bank holding company and gets $6 billionIt looks like GMAC LLC finagled its way into becoming a bank holding company after all, and got a bit more than a stocking stuffer for the holidays. The U.S. Treasury is buying $5 billion in senior preferred equity in GMAC and offered a new $1 billion loan to General Motors Corp. in an another attempt to stabilize the auto company. The $6 billion is an addition to the $17.4 billion emergency plan to bailout GM and Chrysler LLC. ... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "US Treasury." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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