U.S. pours $7.5 billion into auto lender GMAC

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George Orwell - 22 May 2009 04:34 GMT

Treasury Secretary Timothy Geithner must be charged with treason. Ditto
this negro President if he had anything to do with this deal, throwing good
money after bad. Correction. It isn't money, it's currency. The U.S.
doesn't have any money. Money is gold and silver, maybe include platinum
and paladium and plutonium. Still think I'm racist? Look at Africa. Every
time a black took control over a country, it was ruined. Now, a black has
taken control of the USofA. It will be ruined.

>U.S. pours $7.5 billion into auto lender GMAC
>Thu May 21, 2009 7:48pm EDT
>(Adds details, background)
>
>By Glenn Somerville and Corbett Daly
>
>WASHINGTON, May 21 (Reuters) - The U.S. Treasury Department said on
>Thursday it has put another $7.5 billion into auto lender GMAC to enable
>it to support both Chrysler LLC [CBS.UL], and General Motors Corp Corp
>(GM.N: Quote, Profile, Research, Stock Buzz) car buyers and partly meet a
>shortage of capital.
>
>The widely anticipated action is intended to help counter a scarcity of
>credit that has helped drive sales of domestic cars into a ditch. The
>Federal Reserve also extended an exemption that will let GMAC keep lending
>to GM dealers and retail customers, which it normally would be barred from
>doing since it now is a bank holding company in which GM has an interest.
>
>Treasury Secretary Timothy Geithner said the new capital for GMAC, "will
>offer strong credit opportunities, help stabilize our auto financing
>market, and contribute to the overall economic recovery."
>
>The new capital is on top of $5 billion Treasury put into GMAC
>last...................

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Happy Trails - 22 May 2009 22:32 GMT

> Now, a black has
>taken control of the USofA. It will be ruined.

Are you saying it has only been screwed up in the last few months?
Boy, do you have your head up your a.s.

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Jim Warman - 23 May 2009 04:31 GMT

Having his head up his a.s is business as usual for Georgy-Porgy. We can add
bigotry to his list of many talents.

>> Now, a black has
>>taken control of the USofA. It will be ruined.
>
> Are you saying it has only been screwed up in the last few months?
> Boy, do you have your head up your a.s.

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Dioclese - 23 May 2009 21:07 GMT

> Treasury Secretary Timothy Geithner must be charged with treason. Ditto
> this negro President if he had anything to do with this deal, throwing
[quoted text clipped - 36 lines]
> Per maggiori informazioni |For more info
> https://www.mixmaster.it

Sounds like INTENTIONAL misinformation for some political gain of some
little known party, if not to produce anarchy. Geithner is of caucasion
descent and obvious by his appearance. Not that this makes any difference
in your argument.

GMAC, unlike Ford Motor Credit and strictly Ford car purchase loans, funds
many types of loans including home loans. GMAC was redefined as a bank so
it could receive TARP funds.

Geithner did fail to explain that said funds were also to help GMAC for
defaulted home loans.

Your tactics are similar to Limbaugh and Oberman. Mostly BS, not all the
truth. Tired of this kind of crap. Go away.

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Dave

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