Government Assistance for GMAC/Ally Financial: Unwinding the Government Stake

Webel, Baird ; Canis, Bill

Library of Congress. Congressional Research Service.

关键词: Government and business;    Automobile industry;    Government ownership;    Economic stabilization;   

RP-ID  :  R41846
RP-ID  :  R41846_2014Sep03

美国|英语

来源: UNT Digital Library

【 摘 要 】

This report explains the governments relationship with Ally Financial (formerly known as General Motors Acceptance Corporation, or GMAC). Under the Troubled Assets Relief Program (TARP) the government purchased preferred shares in Ally Financial, acquiring a 73.8% ownership state. This report discusses the reasoning behind this assistance to Ally and the ultimate costs.