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Entries Tagged as 'GM'

How Will General Motor’s Bankruptcy Affect the Consumer?

June 4th, 2009 · No Comments · Bankruptcy, Consumer Info

General Motors, one of the largest U.S. automobile manufacturers, has been in business since September 16, 1908. The company filed for bankruptcy on June 1, reportedly the largest bankruptcy filing on record for a U.S. manufacturer. Affected consumers naturally have lots of questions and concerns regarding how this reinvention may affect their pensions, benefits, employment [...]

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Senate Passes Bill Guaranteeing Zero Percent Mortgages for Illegal Aliens

April 1st, 2009 · No Comments · Consumer Info

The Senate today passed the ZIMIA (Zero Interest Mortgage Illegal Alien) Act, which guarantees zero-percent mortgage loans for any illegal alien who is buying their first home. Senate leaders said the bill was necessary to stimulate the housing market and prevent further foreclosures. In addition to economic stimulus benefits, the bill has the [...]

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