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As of today, Jan 9, 2009, General Motors did receive federal bailout money. While it cannot be proven that some of that money went to GMAC without seeing GM's financial records, there is a very high probability that it did.
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How do we receive a grant up to $50,000 or 6 months mortgage payments?
How do we receive the government mortgage bailout money available up to $50,000 or 6 months mortgage payments?
How much bailout money did FORD receive?
Ford did not receive any bailout money.
Did Ford receive bailout money?
no
Did GE Money Bank receive bailout money?
yes
Did US Bank receive bailout money?
Yes. $7 billion
How much did JP Morgan Chase receive in bailout money?
25 Billion
Will the 700 billion dollars for the bailout come from China?
The bailout did not get through Congress, but no, the money would come from the US taxpayers. Update: The bailout did pass, and the money is coming from the Treasury and Federal Reserve. This could be argued to suggest the money is coming from the taxpayers.
How much bailout money did citi corp receive?
The Citi group bailout was agreed for $45Billion same as the Bank of America bailout. The numbers about who got what and how they are spending it are pretty much a secret.
Who will receive the bailout money?
Nobody would receive the bailout money directly/Freely. The US Federal Reserve plans at buying illiquid securities from the banks & other financial institutions that are in trouble now. They would be buying assets like MBS (Mortgage Backed Securities), CDO's (Collateralized Debt Obligations) etc The proportion in which each banks assets would be bought by this bailout plan would be decided by the plan coordinators. The proceeds of this asset buying by the reserve (Cash) would be used by these banks and financial institutions to meet their liquidity needs and to infuse further liquidity into the economy. The Fed Reserve would sell these assets at a later point of time once the economy stabilizes and repay the Treasury.
Did HSBC get a bailout under TARP?
HSBC did not receive bailout funds. However, AIG is strongly connected to HSBC, and AIG accepted the TARP money. This contributed a significant amount to HSBC.
What is the most amount of money you can receive with a reverse mortgage?
That depends on the value of the property.
Did discover bank receive tarp monies?
yes What was the total amount of money that Discover Bank received from the Economic Stimulus (bailout) plan?
