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- 7. June 2010: The Nation Stands with Arizona by Dawn Wildman
- 13. May 2010: Spend, spend, spend Boxer loves a good bailout
- 13. May 2010: San Diego School Board restricts travel to Arizona, but travel okay to Mexico
- 11. May 2010: Mexico's government cries foul over Arizona's new law
- 10. May 2010: Illegal immigration flares on both sides of the issue
- 10. May 2010: San Diego School Board moves to warn students about Arizona's new law
- 5. May 2010: May Day Rally videos show many are ill informed about illegal immigration
- 4. May 2010: San Diego City Council denaounces Arizona's immigration law
- 3. May 2010: No more taxes is the call from Americans when it comes to the deficit
- 2. May 2010: May Day rallies spark renewed immigration debate
Archive for 31. December 2009
The Obama Administration takes control of GMAC
31. December 2009 by admin.
In the equivalent of a Friday afternoon drop for a story seeking minimal coverage, the federal government announced they would be sinking an additional $3.8 billion in aid to lending giant GMAC. This infusion of cash gives the federal government majority ownership in another failing loan industry company.
The Obama Administration is proving its intention and loyalty to the banking industry and the fat cats that run them by throwing more money into an industry that
The handout GMAC is taking from the taxpayers is $3.8 billion it is minor considering they took $12.5 billion from the government earlier this year. The Teasury Department said it would increase its company stock from 35 percent to 56 percent making Uncle Sam in charge of the failing loan company.
According to the government, four of the nine board members will be personally picked by the Obama Administration and GMAC will be required to pay $14 billion in loans in order to regain control of the company. Keep reading
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