Posted by: Jayme Johnson on: February 26, 2010
Keep in mind that if you deposit money with Ally Bank you are putting money into an institution that has been bailed out three different times to the tune of 17. 2 billion dollars. It’s all very complicated, but it was done as a means by two different administrations to save GM, which is financed [...]
Posted by: Jayme Johnson on: May 19, 2009
The private equity firm Cerberus Capital Management owned a good portion of Chrysler, which included Chrysler Financial. They also own part of GMAC, which is the financial arm of GM. GMAC got bailed out by the government on the condition that they change their status to a bank holding company. Now GMAC is in control [...]
