YAL in Action

Check out YAL activities on campus and updates from around the liberty movement.

Tag: GMAC
  • More Bailouts, More Government Takeover

    The government already has a huge stake in our economy, but soon it will be even larger. The Treasury announced Wednesday that they will be giving GMAC 3.8 billion dollars to help bailout of the company. The Wall Street Journal reports: The additional aid brings the total U.S. investment in GMAC to $16.3 billion and …

  • More Bailouts?

    Can you believe it? Geithner is expecting to give GMAC $5.6 billion more dollars! From detnews.com: Treasury Secretary Timothy Geithner said the final amount was expected to be less than $5.6 billion. “We’re likely to have to put in less capital than we expected,” Geithner said in testimony before the House Financial Services Committee. As …