The Bailouts and Handouts in 2010 Started Early

government moves closer to fresh aid for GMAC

Fresh Aid for Fannie, Freddie, and GMAC

 

 

Blank check sends Fannie, Freddie soaring

giants Fannie Mae and Freddie Mac soared Monday after the Treasury Department announced what essentially amounts to a blank check for their bailouts.

GMAC Receives $3.8 Billion More in Bailout Cash – CNBC

Dec 31, 2009 The government is providing a fresh $3.8 billion cash infusion to stabilize GMAC Financial Services as it struggles with hefty losses

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