£62.38

Unique Treatment of GMAC Under TARP (Financial Institutions and Services)

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£62 today · usual range £0–£0 · best ever £27

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Last 615 days • 615 data points (No recent data available)

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£80.67 £21.74 £34.60 £47.46 £60.31 £73.17 £86.03 12 June 2024 12 November 2024 15 April 2025 15 September 2025 16 February 2026

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145 days 47 days 163 days 150 days · current 110 days 0 41 82 122 163 £27-38 £38-49 £49-59 £59-70 £70-81 Days at Price

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Most common range: £49-59 (163 days, 26.5%)

Price range: £27 - £81

Price levels: 5 price ranges over 615 days

Description

GMAC is a diversified financial services firm that derives its revenues from automotive finance, where it holds a dominant position, as well as mortgage operations, insurance operations, and commercial finance. The U.S. government has spent a total of $17.2 billion to support GMAC under the TARP. GMAC received funds on three separate occasions, spanning both the Bush and Obama Administrations. As part of the government bail-out effort, GMAC has received special treatment apart from the funds in order to meet the capital buffers established under the bank "stress tests" because it could not raise funds from private sources. This book examines the unique treatment given GMAC under the TARP.

Product Specifications

Format
Hardcover
Domain
Amazon UK
Release Date
01 March 2011
Listed Since
26 May 2010

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