Topic: Credit Services and Intermediation
Obama
AP News
GMAC CEO will receive no cash salary for 2010
AP News
After lucrative 2009, GMAC CEO agrees to take no cash salary for 2010 in deal with pay czarThe CEO of bailed-out auto finance giant GMAC Inc. will receive no cash salary for 2010 and will be compensated in restricted stock, under a deal approved by Obama administration pay czar Kenneth ...
Mortgage rates remain below 5 percent
AP News
Rates on 30-year fixed mortgages fall to 4.95 percent, weeks before Fed exitMortgage rates held below the 5 percent threshold for the second straight week, a report said Thursday, weeks before a government program that has been keeping rates low is scheduled to expire. The average rate on a ...
Watchdog: GMAC bailout could cost taxpayers $6.3B
AP News
Watchdog says Treasury lacks exit plan from GMAC bailout, taxpayers could lose $6.3 billionThe Treasury Department sank billions into auto finance giant GMAC Inc. without an exit strategy or proof the company was viable — a decision that could cost taxpayers $6.3 billion, a new watchdog report says. The ...
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