Tag Archives: emergency loans


G-20 Nations OK $1.1 Tril. in Emergency Loans

April 3, 2009 : Permalink

The Ledger – Anxiously assembled at the most perilous moment for the global economy since the Great Depression, the world’s financial powers pledged more than $1 trillion Thursday for emergency loans to combat spreading chaos. But they rebuffed President Barack […]

GMAC to Receive $6 Billion from Uncle Sam

December 30, 2008 : Permalink

New York (HedgeCo.Net) – GMAC LLC, the financing arm of struggling U.S. automaker GM, will receive $6 billion from the federal government. The deal entails the treasury purchasing $5 billion in senior preferred equity in the company, while providing GM […]