Chrysler Financial Snares TARP Funding
Just weeks after granting GMAC LLC bank-holding-company status and providing it with $6 billion in TARP funds, the Treasury Department...
Victims of Circumstance
Over the years, we’ve watched the manual underwriting process evolve into an automated one, with loan decisions generated in split...
In Memoriam: Joe Belew
We read with sadness this morning of the sudden passing last week of Joe Belew, the president of the Consumer...
Repair Shops Thriving In Tough Economy!
Month after month, we've all heard the bad news about the economy-- from layoffs to cutbacks. But while the economy...
Embattled Merkin Resigns As GMAC Chairman
Among an announcement that it is creating a new board of directors, GMAC Financial Services also announced that current chairman...
New Iteration of Bailout Reportedly on Its Way
In what could be a major development for the future of the financial services sector, the incoming Obama administration is...
George Will on GMAC
George wrote a piece on GMAC for today's Washington Post entitled "End Run On the Treasury." He seems to be...
EXCLUSIVE: GMAC Shuts Down Nuvell, National
As GMAC keeps to its prime-lending knitting, the latest casualties of its cost-cutting measures are Nuvell and National Auto Finance,...
