PORTAL Finance Blog

Category Archives: Chrysler

The Problem Children: Fannie Mae and Freddie Mac

Have you ever read an article and hoped that the math that they were using was wrong?  I just had that experience on Saturday while reading an article about Fannie Mae and Freddie Mac.  You didn’t forget about them did … Continue reading →

June 22, 2010 at 9:55 pm | AIG, Automotive, Chrysler, Fannie Mae, Federal Reserve Bank, Financial, GM, Investing, Real Estate

Treasury takes $2.1 billion loss on Chrysler loan

“Treasury says Chrysler will pay back less than half of $4 billion gov’t loan received in 2009″ What a great return on investment!  Are you kidding me?  What is there to blog about besides I told you so?  http://portalfinance.blogspot.com/2009/06/gm-files-bankruptcychrysler-assets-sold.htmlhttp://finance.yahoo.com/news/Treasury-takes-16-billion-apf-581812658.html?x=0&sec=topStories&pos=main&asset=&ccode=

May 17, 2010 at 10:33 pm | Automotive, Chrysler, GM

It’s Groundhog Day……again

Courtesy of the U.S. taxpayers, GMAC received an additional $3.8 billion cash infusion last week.  Last week, for heaven’s sake!  In a carefully timed press release this week, GMAC reported a $5 billion dollar loss for the fourth quarter due … Continue reading →

January 6, 2010 at 2:06 am | Automotive, Chrysler, GM, Goldman Sachs, Investing, Real Estate, TARP

Fannie Mae needs $15 billion….This is a joke, right?

What an outstanding investment by the U.S. taxpayers!  “Our” finance company needs another $15 billion dollars in order to stay in business.  To add insult to injury, Fannie Mae’s management team offered the following gem:  “We do not expect to … Continue reading →

November 6, 2009 at 5:07 am | AIG, Automotive, Chrysler, Fannie Mae, Federal Reserve Bank, Financial, GM, Investing, Real Estate

Finally, someone is doing the math on U.S. taxpayer investments

Someone at the Associated Press apparently started doing the math on U.S. taxpayer investments in AIG, GM, Chrysler, etc. In the attached article, the main theme is that the U.S. government made $4 billion in profits thus far from the … Continue reading →

August 31, 2009 at 12:21 pm | AIG, Automotive, Chrysler, GM, Investing

Indiana Pension Funds…please look up the definition of “cram-down”

It is a noble effort by the Indiana State Pension Funds to appeal the Chrysler sale to the Supreme Court, but it is clear that the pension funds haven’t looked up the definition of “cram-down” lately. In restructuring parlance, “cram-down” … Continue reading →

June 8, 2009 at 3:19 pm | Automotive, Chrysler

GM files bankruptcy…..Chrysler Assets Sold to Fiat

President Obama didn’t have any details on how the U.S. taxpayer will get paid back from propping up the zombie company named GM. I still can’t understand how this action benefits the greater good of the U.S. The odds that … Continue reading →

June 1, 2009 at 6:46 pm | AIG, Automotive, Chrysler, GM, Investing

$7.5 billion to GMAC and $4 more billion to GM

Last week saw another round of capital injections by the U.S. taxpayer into 2 zombie companies better known as GMAC and GM. It will be very interesting to see what gets paid back to the U.S taxpayer in GM’s bankruptcy … Continue reading →

May 24, 2009 at 5:28 pm | Automotive, Chrysler, GM

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