GMAC (now Ally Financial)
| $16.3B Disbursed |
| $2.67B Returned |
| $3.14B Revenue to Gov't |
| $10.5B Net Outstanding |
| $16.3B Committed |
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GMAC's first aid came in mid-December of 2008, when Treasury Secretary Hank Paulson stepped in to rescue GM and Chrysler. You can see the full tally of the auto industry bailout here. It received further aid in 2009. The company was renamed Ally Financial in 2010.
Treasury began the process of extricating itself from the investment in December of 2010, when it converted $5.5 billion of its preferred stock into common stock, leaving it with a common equity stake of 74 percent in Ally.
Stress Tested
This company is among the 19 companies that underwent a "stress test." Regulators determined that it needs to raise $11,500,000,000.0 in additional capital.
See the list of all 19 stress-tested companies here.
Events
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$134M Revenue
Nov. 15, 2012 Dividend - Cumulative
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$134M Revenue
Aug. 15, 2012 Dividend - Cumulative
-
$134M Revenue
May 15, 2012 Dividend - Cumulative
-
$134M Revenue
Feb. 15, 2012 Dividend - Cumulative
-
$134M Revenue
Nov. 15, 2011 Dividend - Cumulative
-
$134M Revenue
Aug. 15, 2011 Dividend - Cumulative
-
$134M Revenue
May 16, 2011 Dividend - Cumulative
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$3.61M Revenue
Mar. 7, 2011 Dividend - Cumulative
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$2.67B Payback
Mar. 2, 2011 Partial Repayment
More info from www.treasury.gov -
$8.3M Revenue
Mar. 1, 2011 Dividend - Cumulative
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$134M Revenue
Feb. 15, 2011 Dividend - Cumulative
-
$53.3M Revenue
Feb. 15, 2011 Dividend - Cumulative
-
$61.9M Revenue
Dec. 30, 2010 Dividend - Cumulative
-
$53.3M Revenue
Nov. 15, 2010 Dividend - Cumulative
-
$257M Revenue
Nov. 15, 2010 Dividend - Cumulative
-
$53.3M Revenue
Aug. 16, 2010 Dividends payment
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$257M Revenue
Aug. 16, 2010 Dividends payment
-
$53.3M Revenue
May 17, 2010 Dividends payment
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$257M Revenue
May 17, 2010 Dividends payment
-
$26.7M Revenue
Feb. 16, 2010 Dividends payment
-
$129M Revenue
Feb. 16, 2010 Dividends payment
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$1.25B Bailout
Dec. 30, 2009 Mandatory Convertible Preferred Stock
More info from media.gmacfs.com -
$141M Revenue
Dec. 30, 2009 Dividend Payment
More info from www.financialstability.gov -
$2.54B Bailout
Dec. 30, 2009 Trust Preferred Securities
More info from media.gmacfs.com -
$283M Revenue
Nov. 16, 2009 Dividends payment
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Oct. 22, 2009 TARP Chief for Exec Compensation Releases Findings
The Special Master for TARP Executive Compensation releases determinations on the compensation packages for the top 25 most highly paid executives at the companies that received "exceptional" assistance -- i.e. those that were bailed out in the strictest sense of the word: AIG, Bank of America, Citigroup, Chrysler, Chrysler Financial, General Motors, and GMAC.
More info from www.financialstability.gov -
$271M Revenue
Aug. 17, 2009 Dividends Paid in Aug. 2009
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$160M Revenue
May 31, 2009 Dividends Paid Through 5/31/2009
This amount reflects the sum of dividends paid up to 5/31/2009
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$7.5B Bailout
May 21, 2009 Preferred Stock w/ Exercised Warrants
More info from www.financialstability.gov -
May 7, 2009 Federal releases the results of its stress tests
According to the results of the Federal Reserve's "stress tests," 10 of the 19 largest banks will have to raise a total of $74.6 billion in additional capital to withstand a dire economic scenario. Ultimately, all of the banks raise the money privately, with the exception of GMAC.
More info from www.propublica.org -
$5B Bailout
Dec. 29, 2008 Purchase - Preferred Stock w/ Exercised Warrants
More info from www.treas.gov
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 11/15/2012 | Dividend | $133,593,750 | AIFP | Dividend - Cumulative |
| 08/15/2012 | Dividend | $133,593,750 | AIFP | Dividend - Cumulative |
| 05/15/2012 | Dividend | $133,593,750 | AIFP | Dividend - Cumulative |
| 02/15/2012 | Dividend | $133,593,750 | AIFP | Dividend - Cumulative |
| 11/15/2011 | Dividend | $133,593,750 | AIFP | Dividend - Cumulative |
| 08/15/2011 | Dividend | $133,593,750 | AIFP | Dividend - Cumulative |
| 05/16/2011 | Dividend | $133,593,750 | AIFP | Dividend - Cumulative |
| 03/07/2011 | Dividend | $3,611,563 | AIFP | Dividend - Cumulative |
| 03/02/2011 | Refund | $2,667,000,000 | AIFP | Partial Repayment |
| 03/01/2011 | Dividend | $8,297,333 | AIFP | Dividend - Cumulative |
| 02/15/2011 | Dividend | $133,593,750 | AIFP | Dividend - Cumulative |
| 02/15/2011 | Dividend | $53,340,000 | AIFP | Dividend - Cumulative |
| 12/30/2010 | Dividend | $61,875,000 | AIFP | Dividend - Cumulative |
| 11/15/2010 | Dividend | $257,343,750 | AIFP | Dividend - Cumulative |
| 11/15/2010 | Dividend | $53,340,000 | AIFP | Dividend - Cumulative |
| 08/16/2010 | Dividend | $257,343,750 | AIFP | Dividends payment |
| 08/16/2010 | Dividend | $53,340,000 | AIFP | Dividends payment |
| 05/17/2010 | Dividend | $257,343,750 | AIFP | Dividends payment |
| 05/17/2010 | Dividend | $53,340,000 | AIFP | Dividends payment |
| 02/16/2010 | Dividend | $128,671,875 | AIFP | Dividends payment |
| 02/16/2010 | Dividend | $26,670,000 | AIFP | Dividends payment |
| 12/30/2009 | Dividend | $141,406,250 | AIFP | Dividend Payment |
| 12/30/2009 | Purchase | $2,540,000,000 | AIFP | Trust Preferred Securities |
| 12/30/2009 | Purchase | $1,250,000,000 | AIFP | Mandatory Convertible Preferred Stock |
| 11/16/2009 | Dividend | $282,812,500 | AIFP | Dividends payment |
| 08/17/2009 | Dividend | $271,000,000 | AIFP | Dividends Paid in Aug. 2009 |
| 05/31/2009 | Dividend | $159,611,111 | AIFP | Dividends Paid Through 5/31/2009 |
| 05/21/2009 | Purchase | $7,500,000,000 | AIFP | Preferred Stock w/ Exercised Warrants |
| 12/29/2008 | Purchase | $5,000,000,000 | AIFP | Purchase - Preferred Stock w/ Exercised Warrants |
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