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	<title>Hedge Fund News From HedgeCo.Net &#187; auto financing</title>
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		<title>Aozora Posts 242.6 Billion Yen Loss on GMAC, Hedge Fund Losses</title>
		<link>http://www.hedgeco.net/news/05/2009/aozora-posts-2426-billion-yen-loss-on-gmac-hedge-fund-losses.html</link>
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		<pubDate>Fri, 15 May 2009 00:00:00 +0000</pubDate>
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				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[1990s]]></category>
		<category><![CDATA[aozora bank ltd]]></category>
		<category><![CDATA[auto financing]]></category>
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		<category><![CDATA[bernard madoff]]></category>
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		<category><![CDATA[u s auto]]></category>
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		<description><![CDATA[Bloomberg &#8211; Aozora Bank Ltd., the Japanese lender controlled by Cerberus Capital Management LP, posted its first loss in a decade, after investments in U.S. lender GMAC LLC and Bernard Madoff soured. The bank booked a 242.6 billion yen ($2.5 billion) deficit in the year ended March 31, compared with a profit of 5.93 billion [...]]]></description>
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		<title>GMAC to Receive $6 Billion from Uncle Sam</title>
		<link>http://www.hedgeco.net/news/12/2008/gmac-to-receive-6-billion-from-uncle-sam.html</link>
		<comments>http://www.hedgeco.net/news/12/2008/gmac-to-receive-6-billion-from-uncle-sam.html#comments</comments>
		<pubDate>Tue, 30 Dec 2008 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[HedgeCo News]]></category>
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		<category><![CDATA[auto financing]]></category>
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		<category><![CDATA[gmac]]></category>
		<category><![CDATA[hedgeco]]></category>
		<category><![CDATA[multiple times]]></category>
		<category><![CDATA[preferred equity]]></category>
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		<category><![CDATA[stock holdings]]></category>
		<category><![CDATA[stock purchase]]></category>
		<category><![CDATA[term emergency]]></category>

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		<description><![CDATA[New York (HedgeCo.Net) &#8211; GMAC LLC, the financing arm of struggling U.S. automaker GM, will receive $6 billion from the federal government. The deal entails the treasury purchasing $5 billion in senior preferred equity in the company, while providing GM with a $1 billion loan.&#160; This is in addition to the earlier $17.4 billion required [...]]]></description>
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