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Further details relevant to this subject:
- www.bloomberg.com
Banks Say Government Program to Guarantee Their Debt Is Flawed - Bloomberg Nov. 13 (Bloomberg) -- JPMorgan Chase & Co. , Bank of America Corp. and Goldman Sachs Group Inc. are among banks that told the government its program to back their bonds is flawed because it doesn't have a strong enough guarantee. The Federal Deposit ...
- economie.moldova.org
Mortgage losses bleeding over to car loans (Moldova.org) Losses in the U.S. housing market may bleed directly over to tighter restrictions for auto loans at GMAC, a J.P. Morgan analyst said.In a research note, analyst Himanshu Patel said liquidity issues at GMAC -- 49 percent owned by General Motors Corp. and 51 percent owned by Cerberus Capital Management -- could contribute to diminishing car sales, BusinessWeek reported Wednesday. GMAC reported ...
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