Jan 8th, 2009 · President-elect Barack Obama may inherit his predecessors' wars, deficit and address, but he will not have to ride in George W. Bush's car. The Detroit News reports during the inauguration, Obama will cruise down Pennsylvania Avenue in an armored 2009 Cadillac Presidential Limousine. The model has bigger windows than the old presidential limo. It's made by General Motors. And if GM could just get a few million more people to buy one, maybe it wouldn't need that government bailout.
Keywords: Deficit · presidential · president · bailout · GM · windows · Inauguration · General Motors · inherited · George · Limousine · Obama
Dec 31st, 2008 · GMAC is the most recent beneficiary of a government bailout. GMAC is the the financing arm of General Motors. It supplies funding for auto dealers to buy inventory and credit for consumers buying cars. It is also a major player in the home mortgage market.
Keywords: bailout · finances · supplies · players · auto · General Motors · Consumers · Mortgage · dealers · beneficiary · GMAC · Subprime
Dec 31st, 2008 · Lake Superior State University is out with its yearly list of words "to be banished." The academics at the Michigan school target words they consider mis-used, over-used or just useless. This year's list includes: Bailout, carbon footprint, green, maverick and game changer.
Keywords: academic · bailout · schools · Maverick · carbon · Footprints · Michigan · MI · Lake Superior State University · changer
Dec 30th, 2008 · The federal government is stepping up its efforts to save the auto industry by committing $6 billion to stabilize GMAC, the financing arm of General Motors. At least in the short term, it should help GM car dealers and their customers.
Keywords: federal · industry · bailout · finances · GM · auto · General Motors · customer · dealers · GMAC
Dec 30th, 2008 · Banks have received most of the government's bailout money. The idea was to stabilize the financial system and ease tight credit markets. In turn, banks would be willing to make more loans and that would help jump start the economy. But it hasn't quite worked out that way.
Keywords: financial · Economy · money · bailout
Dec 27th, 2008 · Joseph and Mary got off the bus in Detroit. He had worked as a carpenter for 20 years, but lost his job. His pension was invested with Bernard Madoff, and there was no federal bailout for carpenters. He and Mary had no place to live, and Mary was pregnant.
Keywords: federal · pension · bailout · Detroit · Christmas · pregnant · Joseph · Carpenter · Bernard Madoff
Dec 24th, 2008 · The Federal Reserve has granted a request by the financing arm of General Motors to become a bank holding company and tap the government's $700 billion rescue fund, bolstering GM's ability to survive.
Keywords: company · bailout · survive · finances · GM · Federal Reserve · General Motors · GMAC
Dec 24th, 2008 · The Federal Reserve has granted a request by the financing arm of General Motors to tap the government's $700 billion rescue fund, bolstering GM's ability to survive.
Keywords: bailout · survive · finances · GM · Federal Reserve · General Motors · GMAC
