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Diane Publishing Books
Troubled Asset Relief Program: Continued Stewardship Needed as Treasury Develops Strategies for Monitoring and Divesting Financial Interests in Chrysler and GM
Gene L. Dodaro (au)
The Dept. of the Treasury (Treasury) provided $81.1 billion in Troubled Asset Relief Program (TARP) aid to the U.S. auto industry, including $62 billion in restructuring loans to Chrysler Group LLC and General Motors (GM). In return, Treasury received 9.85% equity in Chrysler, 60.8% equity and $2.1 billion in preferred stock in GM, and $13.8 billion in debt obligations between the two companies. This report addresses: (1) steps Chrysler and GM have taken since Dec. 2008 to reorganize; (2) Treasury’s oversight of its financial interest in the companies; and (3) considerations for Treasury in monitoring and selling its equity in the companies. Includes recommendations. Charts ad tables.
Karluk: The Great Untold Story of Arctic Exploration
Illustrated Jewish Bible for Children
Arizona Wetlands & Waterfowl
History of the New York Central System
In the Combat Zone: Special Forces Since 1945
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