{"id":3537,"date":"2009-10-28T16:22:38","date_gmt":"2009-10-28T20:22:38","guid":{"rendered":"http:\/\/blogs-devl.bu.edu\/bunow\/?p=3537"},"modified":"2011-02-24T14:49:45","modified_gmt":"2011-02-24T19:49:45","slug":"gmac-needs-more-bailout","status":"publish","type":"post","link":"https:\/\/blogs-devl.bu.edu\/bunow\/2009\/10\/28\/gmac-needs-more-bailout\/","title":{"rendered":"GMAC needs more bailout"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"alignleft size-thumbnail wp-image-3541\" src=\"http:\/\/blogs-devl.bu.edu\/bunow\/files\/2009\/10\/GMAC-logo3-150x150.jpg\" alt=\"GMAC logo\" width=\"150\" height=\"142\" \/>Troubled\u00a0consumer finance company GMAC <a title=\"reportedly\" href=\"http:\/\/www.nytimes.com\/2009\/10\/28\/business\/28gmac.html?adxnnl=1&amp;adxnnlx=1256760267-ojewEAgTTz1vlQUdFrYinw\" target=\"_blank\">reportedly<\/a> needs more taxpayer bailout money, on top of the $12.5 billion it&#8217;s already received.\u00a0 <a title=\"Robert Bench\" href=\"http:\/\/www.bu.edu\/law\/morincenter\/about_us\/documents\/benchbio.pdf\" target=\"_blank\">Robert Bench<\/a>, an ex-deputy Comptroller of the Currency and now senior fellow at the Law school&#8217;s <a title=\"Morin Center for Banking and Financial Law\" href=\"http:\/\/www.bu.edu\/law\/morincenter\/\" target=\"_blank\">Morin Center for Banking and Financial Law<\/a>, says it&#8217;s understandable\u00a0because GMAC concentrated most of its risk on a selected consumer product &#8211; autos.<\/p>\n<p><em>&#8220;It is exactly that risk that causes a dearth of private sector financial support for GMAC, requiring billions in federal financing to keep it operating.&#8221;<\/em><\/p>\n<p>Contact Robert Bench, 617-353-5428, <a href=\"mailto:bobbench@bu.edu\">bobbench@bu.edu<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Troubled\u00a0consumer finance company GMAC reportedly needs more taxpayer bailout money, on top of the $12.5 billion it&#8217;s already received.\u00a0 Robert Bench, an ex-deputy Comptroller of the Currency and now senior fellow at the Law school&#8217;s Morin Center for Banking and Financial Law, says it&#8217;s understandable\u00a0because GMAC concentrated most of its risk on a selected consumer [&hellip;]<\/p>\n","protected":false},"author":114,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4491,1],"tags":[1905,216,78,1904],"_links":{"self":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/3537"}],"collection":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/users\/114"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/comments?post=3537"}],"version-history":[{"count":7,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/3537\/revisions"}],"predecessor-version":[{"id":8386,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/3537\/revisions\/8386"}],"wp:attachment":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/media?parent=3537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/categories?post=3537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/tags?post=3537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}