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Troubled Asset Relief Program (TARP): Governmentäó»s Exposure to Ally Financial Lessens as Treasury Departmentäó»s Ownership Share Declines
Troubled Asset Relief Program (TARP): Governmentäó»s Exposure to Ally Financial Lessens as Treasury Departmentäó»s Ownership Share Declines
 
Our Price: $20.00
By A. Nicole Clowers (au)
Year: 2014
Pages: 36
Binding Paperback
ISBN 978-1-4578-5682-2

Product Code: 1457856824

Description
 
As part of its Automotive Industry Financing Program, funded through the Troubled Asset Relief Program (TARP), the Treasury Department (Treasury) provided $17.2 billion of assistance to Ally Financial (formerly known as GMAC). Ally Financial is a large financial holding company, the primary business of which is auto financing. TARP's authorizing legislation mandates that GAO report every 60 days on TARP activities. This report examines (1) the status of Treasury's investments in Ally Financial and its efforts to wind down those investments; and (2) the financial condition of Ally Financial. To address these issues, GAO, among other things, reviewed and analyzed available industry, financial, and regulatory data from 2009 through June 2014. Tables and figures. This is a print on demand report.

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