- 1、本文档共15页,可阅读全部内容。
- 2、有哪些信誉好的足球投注网站(book118)网站文档一经付费(服务费),不意味着购买了该文档的版权,仅供个人/单位学习、研究之用,不得用于商业用途,未经授权,严禁复制、发行、汇编、翻译或者网络传播等,侵权必究。
- 3、本站所有内容均由合作方或网友上传,本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺!文档内容仅供研究参考,付费前请自行鉴别。如您付费,意味着您自己接受本站规则且自行承担风险,本站不退款、不进行额外附加服务;查看《如何避免下载的几个坑》。如果您已付费下载过本站文档,您可以点击 这里二次下载。
- 4、如文档侵犯商业秘密、侵犯著作权、侵犯人身权等,请点击“版权申诉”(推荐),也可以打举报电话:400-050-0827(电话支持时间:9:00-18:30)。
- 5、该文档为VIP文档,如果想要下载,成为VIP会员后,下载免费。
- 6、成为VIP后,下载本文档将扣除1次下载权益。下载后,不支持退款、换文档。如有疑问请联系我们。
- 7、成为VIP后,您将拥有八大权益,权益包括:VIP文档下载权益、阅读免打扰、文档格式转换、高级专利检索、专属身份标志、高级客服、多端互通、版权登记。
- 8、VIP文档为合作方或网友上传,每下载1次, 网站将根据用户上传文档的质量评分、类型等,对文档贡献者给予高额补贴、流量扶持。如果你也想贡献VIP文档。上传文档
查看更多
Government Assistance for GMAC/Ally
Financial: Unwinding the Government Stake
Baird Webel
Specialist in Financial Economics
Bill Canis
Specialist in Industrial Organization and Business
January 26, 2015
Congressional Research Service
7-5700
R41846
Government Assistance for GMAC/Ally Financial: Unwinding the Government Stake
Summary
Ally Financial, formerly known as General Motors Acceptance Corporation or GMAC, provides
auto financing, insurance, online banking, and mortgage and commercial financing. For most of
its history, it was a subsidiary of General Motors Corporation. Like some of the automakers, it
faced serious financial difficulties due to a downturn in the market for automobiles during the
2008-2009 financial crisis and recession, while also suffering from large losses in the mortgage
markets. With more than 90% of all U.S. passenger vehicles financed or leased, GMAC’s
inability to lend was particularly threatening to GM’s retail sales and dealer-financing
capabilities.
The Bush and Obama Administrations used the Troubled Asset Relief Program (TARP) to
provide assistance for the U.S. auto industry, concluding that the failure of one or two large U.S.
automakers would cause additional layoffs at a time of already high unemployment, prompt
difficulties and failures in other parts of the economy, and disrupt other markets. The decision to
aid the auto industry was not without controversy, with questions raised as to the legal basis for
the assistance and the manner in which it was carried out. The nearly $80 billion in TARP
assistance for the auto industry included approximately $17.2 billion for GM
您可能关注的文档
- Global capitalism and major corporations from the Third World.pdf
- Global Capitalism and the Transformation of State Socialism.pdf
- Global Capitalism Theory and the Emergence of Transnational.pdf
- Global Climate Change and Transportation strongInfrastructurestrong.pdf
- Global Commodity Chains and Endogenous Growth Export Dynamism.pdf
- Global Consumer Culture - Laramie, Wyoming.pdf
- Global convergence in the vulnerability of forests to drought.pdf
- GLOBAL ECONOMIC CRISIS AND THE DANGER OF strongPROTECTIONISMstrong DOES.pdf
- Global diets link environmental sustainability and human.pdf
- Global Environmental Change - Bilkent University.pdf
文档评论(0)