Tuesday, November 30, 2010

GM's Massive Taxpayer IOU Remains - TheStreet

GM's Massive Taxpayer IOU Remains - TheStreet: "According to the most recent transaction report for the Troubled Asset Relief Program, the Treasury Department distributed $50.7 billion to General Motors; $16.3 billion to its one-time financing subsidiary, GMAC (now rebranded as Ally Financial); offered a $3.5 billion credit line to GM Supplier Receivables; and will distribute up to $1.5 billion in incentives to GMAC Mortgage to workout troubled homeowners' debt.

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