The Result Of Taxpayers’ Financial Bailout Of GMAC
October 22, 2014 at 23:36 PM EDT
GMAC was bailed out by the government, with remedies including government-approved board members, sales of business lines, bankruptcy of its subprime mortgage business, and more than $17 billion in government capital through TARP. Six years down the road, Treasury is selling off shares of Ally.
