Tracking the Money
(December 30th, 2009 under Automobile Industry )In a “in for a penny in for a pound” move, the large mortgage lender GMAC will receive another chunk of the taxpayer’s money. This time, GMAC announced that it will receive an additional 3.5 billion dollars from the federal government. This is in addition to the 12.5 billion the government has already given that company. Here is a link to a brief article on the latest give away: http://www.reuters.com/article/idUSTRE5BT06O20091230 . That will make some highly paid exec’s happy this new year!
Michael
This entry was posted on Wednesday, December 30th, 2009 at 9:30 am and is filed under Automobile Industry .
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