By James A. Lyons
By arming the rebels, we're aiding al Qaeda
Ally Financial Inc. (or Ally Financial), previously known as GMAC Inc. or General Motors Acceptance Corporation, is a United States bank holding company that was previously the wholly owned financial services arm of General Motors. It is headquartered at Tower 200 of the Renaissance Center in Detroit. Ally Financial provides a suite of financial programs including auto financing, insurance, mortgage operations and online banking. In 2008, the firm provided financing to 75 percent of the 6,450 GM dealers. On 24 December 2008, the Federal Reserve accepted then-GMAC's application to become a bank holding company in order to gain access to billions of dollars in government aid, a crucial attempt to ensure the survival of the company. - Source: Wikipedia
Rory McIlroy has dispelled any split in his relationship with longtime friend Graeme McDowell.
Reports that the auto bailouts will cost taxpayers $25 billion more than previously projected have sparked the predictable political squabbles that attend an election year.
Best Buy founder Richard Schulze is stepping down as chairman after an investigation found that he knew that the CEO was having a relationship with an employee and did not alert the audit committee.
The Obama administration and 49 states announced on Thursday a record $25 billion mortgage settlement with the nation's five largest banks - the president's latest attempt to help homeowners and halt the still-sagging housing market's drag on the economy.
Heisman Trophy winner Robert Griffin III wasn't dazzling Thursday night, but he didn't need to be as No. 15 Baylor still pulled out an incredible 67-56 victory over Washington.
NEW YORK
Massachusetts sued five major banks Thursday over deceptive foreclosure practices such as the "robo-signing" of documents, potentially undermining negotiations between lenders and state prosecutors across the nation over the same issue.
A former University of Toledo football player pleaded guilty Thursday in a sports-bribery investigation, admitting he accepted more than $2,000 from a Detroit-area gambler, including $500 to fumble the ball in a 2005 bowl game.
When that guy in the red sports car cuts you off while making an illegal U-turn or infuriatingly blocks the box, it might not be his fault. According to a new study, he may not know any better. The District has the highest percentage of "unfit" drivers who do not have the basic knowledge to pass a written driver's test, according to a national study.
The District has the highest percentage of "unfit" motorists, who do not have the basic knowledge to pass a written driver's test, according to a national study by GMAC Insurance.
The federal government on Wednesday ordered 16 of the nation's largest mortgage lenders and servicers to reimburse homeowners who were improperly foreclosed upon.
Ball State fired coach Stan Parrish on Tuesday, a few days after finishing the season 4-8.
Taxpayers and the federal government would be among the biggest losers if officials heed calls from some legislators and homeowners rights groups to stop millions of foreclosures across the country because of possible paperwork problems.
Why are many of the big Wall Street banks imposing a freeze on foreclosures when the average number of days to foreclose on a property, according to Lender Processing Services, is at an all-time high of 478 days?
President Obama's top housing official said Wednesday that lenders are within their rights to resume foreclosures this month despite allegations that they erred in processing documents. But he said the banks could face fines if found to have broken the law.
