US Government once again provides billion rescue universal financial company
According to the United States Department of Treasury (Xinhua)--the power of 30 December announced that once again to the General Motors financial services company with 38 million aid to help restore stability.
The company previously accepted 125 billion of taxpayer relief. Plus this new aid, the Government in common shares of financial companies from 35 per cent of the share has increased to 56 per cent.
The Ministry of finance said that the Government of the new aid amount is lower than the original forecast level of about $ 6 billion.
Aid to General Motors financial services company is Obama Government rescue endangered failures of universal and Chrysler two auto giants is one of the important initiatives. But GM's financial services companies because residents mortgage business issues are too serious, accepted the Government's first aid section will have difficult to rely on their own strength out of trouble. As car sales slump and the original loan continued to rise, three quarters of 2009 years ago, GM financial services company losses of 53 million u.s. dollars.
Analysts believe that the new aid, help, GM's financial services subsidiaries of housing mortgage loan company is expected to be exempted from bankruptcy. But this salvation show United States economic situation continues to be optimistic about.
[Edit: haryhuang]