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On Thursday, President Obama called the bonuses received by Wall Street executives “shameful.” Last year $18.4 billion was paid out in bonuses on Wall Street; even with the financial markets on the brink of collapse.
So, will the government step in to regulate these bonuses? Some …

The Federal Reserve has granted GMAC, a major lender to GM dealers, the status of a bank holding company. This decision effectively gives GMAC access to the bailout funds for the financial sector.
This also came out today:
“While GMAC has not quantified its capital injection request …