Unique Treatment of General Motors Acceptance Corp. (GMAC) Under the TARP

Unique Treatment of General Motors Acceptance Corp. (GMAC) Under the TARP

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GMAC notes, the a€œchange in the U.S. mortgage market [since the second half of 2007] . . . limited [its] ability to securitize many nonconforming ... reducing the value of the collateral underlying ResCapa#39;s portfolio and leading to higher provisions for loan losses.154 GMAC states that a€œmany of ... Any such margin calls harm ResCapa#39;s liquidity, results of operation, financial condition and business prospects.


Title:Unique Treatment of General Motors Acceptance Corp. (GMAC) Under the TARP
Author: Elizabeth Warren
Publisher:DIANE Publishing - 2011-04
ISBN-13:

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