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Just weeks after granting GMAC LLC bank-holding-company status and providing it with $6 billion in TARP funds, the Treasury Department today approved $1.5 billion of funds for Chrysler Financial LLC. The capital infusion will be used to finance consumer auto loans, in a move meant to help restore the faltering auto industry.
Click here to read Treasury’s announcement of the funding and its terms.
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Alternative asset management firm Bayview Asset Management in the past five years has purchased about $25 billion in auto collateral through bulk...
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David Thompson
David Thompson
David Thompson
