Business Commons^™

The Rescue Of The Us Auto Industry, Module E: Emergency Assistance For Chrysler Financial, Alexander Nye

Journal of Financial Crises

In the fall of 2008, due to the confluence of the Global Financial Crisis and years of structural decline in the auto industry, Chrysler was nearing bankruptcy. Chrysler’s related finance company, Chrysler Financial, was also in dire straits. On December 19, 2008, President Bush announced the Automotive Industry Financing Program and that the US Treasury would extend Chrysler a $4 billion Bridge Loan to give the company time to prepare a viable restructuring plan. Two weeks later, the Treasury arranged $1.5 billion in low-interest financing for Chrysler Financial to fund the securitization of new consumer car loans and the facility …

The Rescue Of The Us Auto Industry, Module F: Auto Supplier Support Program, Riki Matsumoto

Journal of Financial Crises

The Global Financial Crisis that began in 2007 intensified the decade-long malaise of two of the largest auto manufacturers in the US, General Motors and Chrysler. Their possible collapse was deemed to pose a systemic risk by the United States government. In response, the Department of the Treasury made efforts to provide support to the automotive industry through the Automotive Industry Financing Program (AIFP). As US auto parts suppliers experienced deteriorated automotive markets, disrupted manufacturer operations, and stressed credit markets, the Treasury announced the Auto Supplier Support Program (ASSP) on March 19, 2009, as an auxiliary program to the overall …

The Rescue Of The Us Auto Industry, Module C: Restructuring Chrysler Through Bankruptcy, Alexander Nye

Journal of Financial Crises

In late 2008, due to the confluence of the financial crisis and years of structural decline in the auto industry, Chrysler was nearing bankruptcy. The US Treasury provided Chrysler’s owner, Chrysler Holding, with a $4 billion bridge loan and Chrysler’s related finance company, Chrysler Financial, with a $1.5 billion financing program under the Troubled Assets Relief Program (TARP). The government-led restructuring through bankruptcy involved the commitment of roughly $5 billion in debtor-in-possession (DIP) loans from the US Treasury and the Canadian government, under which the US Treasury ultimately lent $1.89 billion, using TARP funds, and Canada lent about $1 billion, …

The Rescue Of The Us Auto Industry, Module D: Emergency Assistance To Ally Financial (Formerly Gmac), Riki Matsumoto, Kaleb B. Nygaard

Journal of Financial Crises

In 2008, GMAC was a $200 billion company providing financing to General Motors customers. As the Global Financial Crisis entered a critical stage in early 2008, GMAC’s funding strategy and liquidity position were adversely affected by the significant disruption in credit markets and the broader economic downturn. This reduced access to financing, which impacted GMAC’s ability to provide automotive wholesale inventory and retail financing to General Motors and Chrysler. In late 2008 and early 2009 GM and Chrysler underwent a complex restructuring process. To restore liquidity to GMAC’s auto finance business, the Federal Reserve agreed to expedite GMAC’s conversion to …

The Rescue Of The Us Auto Industry, Module A: Automotive Bridge Loans, Alexander Nye

Journal of Financial Crises

In 2008, in the midst of the Global Financial Crisis, America’s Big Three automakers neared their breaking point. Two of them, General Motors (GM) and Chrysler, asked Congress for funding to prevent uncontrolled bankruptcies. Policymakers realized these uncontrolled bankruptcies would damage the manufacturing sector. Congress considered but failed to pass a framework conditioning short-term financing on the companies’ producing acceptable restructuring plans. With the companies warning that they could not survive the coming presidential transition, on December 19, 2008, President George W. Bush announced the Automotive Industry Financing Program (AIFP) under the authority of the Emergency Economic Stability Act (EESA) …

The Rescue Of The Us Auto Industry, Module B: Restructuring General Motors Through Bankruptcy, Kaleb B. Nygaard

Journal of Financial Crises

As the Global Financial Crisis worsened in 2008, credit markets tightened and a broader economic downturn developed, hitting the auto industry particularly hard. The crisis intensified a decade-long decline of the largest US auto manufacturers. Because of its size and importance to the economy, the US government decided to provide assistance to General Motors (GM) to sustain it while it developed plans for its long-term viability. Congress declined to authorize funding for the auto manufacturers, but in December 2008, Treasury provided a bridge loan to GM under the Troubled Assets Relief Program (TARP) to sustain the company until the Obama …

Broad-Based Capital Injection Programs, June Rhee, Junko Oguri, Greg Feldberg, Andrew Metrick

Journal of Financial Crises

This paper surveys 36 broad-based capital injection (BBCI) programs and attempts to identify some best (and worst) practices. We argue that it is crucial to distinguish between programs implemented during acute (“panic”) and chronic (“debt overhang”) phases of a crisis, where the goals of program design should be different. In an acute phase, programs should be designed to influence the behavior of bank counterparties, while in chronic phases, the focus should be on bank behavior itself. With this framing, we identify seven themes to guide program design, and provide many illustrative examples for the policymaker’s tool kit.

Esports In Education, Ryan Miner

Student Research Symposium

This project seeks to investigate and answer whether the benefits of implementing esports (competitive video games) in schools outweigh the negative effects of video games in the lives of students. I conducted thorough research on my College’s library database as well as news websites to find primary and secondary sources of the effects of esports in schools, both in the positive and negative. The research also had a special emphasis on several different perspectives, including students at each schooling level (elementary, middle, high school), as well as parents and educators. Analysis of this evidence shows that video games can cause …

Dance Students Recognized At Regional Conference, Lindenwood University

Archived Lindenwood Press Releases

No abstract provided.

2022-April-08-Student Exhibitions On Display At Reece Museum, University Marketing And Communication, East Tennessee State University

ETSU News

JOHNSON CITY, Tenn. (April 8, 2022) – The East Tennessee State University Department of Art and Design and the Reece Museum present the Spring 2022 BFA Senior Exhibition on display through April 22. The exhibition features 10 Bachelor of Fine Arts students: Mads Brewer, Dana Brown, JJ Cox, Jenesis Fisher, Erin Fitzgerald, Emily Flores, Keely Melton, Sierra Stanley, Eric Terry and Haeden Willis. A reception happens Tuesday, April 12, from 5-7 pm at the Reece Museum.

Exhibitions on display through April 22

Here’s a look at the displays:  

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  “The Derivative” is a recreation of a family computer room in which …

Extracurriculars: An Investment In Tomorrow’S Generation, Charles Merriam

Student Research Symposium

High school age students across the country find themselves either underperforming in or dropping out entirely from high school. This already alarming issue increases in severity when we discover that the majority of these students belong to groups that need what a high school diploma has to offer the most. My research aimed at discovering how involvement extracurricular activities can motivate these students and provide them with the tools necessary to succeed. I investigated the topic using the University Library Database and other online databases to collect and evaluate primary and secondary sources. These sources focused mostly on studies that …

A Proposed Change To The Beautiful Game's Most Important Event, Carson Clark

Student Research Symposium

FIFA is proposing and researching the feasibility for a biennial World Cup instead of the four year intervals that are currently in place. They are doing so to hopefully involve more countries into the tournament and gain more revenue to further development of international soccer. This study is to investigate whether or not this change in frequency of the World Cup would be better or worse for the tournament and all those that would be affected. Research was conducted by gathering information using a library database and reading primary sources along with other articles by those with different perspectives and …

The Benefits That Come From Moving Out Of State For College, Sadie Morris

Student Research Symposium

My topic is about how moving to a new state can benefit a student when starting college. Not that many students move to a different state to go to college, and there can be a lot of benefits that come from moving some where new. This poster highlights the positives that come from moving to a new state from college.

Body Map, Cara Ferro

Bryant University Undergraduate Journal

Mind and Body

This piece focuses on the connection of the mind and body. Neither is separate and both affect each other. Physical health can affect your mental health and vice versa, as the body is a connected system inside and out. As someone who suffers from chronic physical pains as well as diagnosed anxiety that feels like an unbearable mental pain, this artwork incases the feeling of being overloaded by the painful sensations. Sometimes, a bad mental state can cause physical damage and bad physical health can negatively affect your mental health. With that, I have learned that when …

Body Map, Maria Sosa Gonzalez

Bryant University Undergraduate Journal

No abstract provided.

Body Map, Faith Gambardella

Bryant University Undergraduate Journal

No abstract provided.

Body Map, Kyle Forsley

Bryant University Undergraduate Journal

No abstract provided.

Body Map, Miles Kron

Bryant University Undergraduate Journal

No abstract provided.

Body Map, Rebecca Kaminskas

Bryant University Undergraduate Journal

This piece is a deeper representation of myself. I am built out of the support I have from friends and family around me, hence the bricks. The sun represents my strive to remain optimistic and a light in people’s life. The colors of light blue fading into a darker blue represent a sense of community leading into comfort. Finally, the head shows how I am filled with overthinking and anxiety.

Body Map, Liz Demita

Bryant University Undergraduate Journal

No abstract provided.

Body Map, Matthew Walsh

Bryant University Undergraduate Journal

No abstract provided.

Body Map, Jillian Collingwood

Bryant University Undergraduate Journal

No abstract provided.

Body Map, Becca Jackvony

Bryant University Undergraduate Journal

No abstract provided.

Body Map, Ella Coffin

Bryant University Undergraduate Journal

Body mapping is a representative method of creation where one can investigate and explore meaning with their relationships with others globally. It allows one a means to creatively communicate social issues, identity, and express personal experience/s.

Through symbolism of my community, experiences, and personality my body mapping piece represents my diversity and uniqueness. I am proud of who I am and this piece allows me to embrace my differences, qualities, and talents.

A Dark Colonial Past, Foreign Politics, And Ineffective Leadership: Who Is To Blame For Congo's Governing Struggles 60 Years After Independence?, Justin Keyes

Bryant University Undergraduate Journal

No abstract provided.

Citizens United And Campaign Finance: History, Issues, And Efforts To Modify, Shannon O'Connor

Bryant University Undergraduate Journal

No abstract provided.

Shifting Party Ideologies And Values, Hanna Lambert

Bryant University Undergraduate Journal

No abstract provided.

Reason Vs. Religion: How Society Became Increasingly Secular Throughout Time, Ben Paglia

Bryant University Undergraduate Journal

No abstract provided.

The Power Of The Individual: Tackling Climate Destruction, Jared Gardner

Bryant University Undergraduate Journal

No abstract provided.

Comparative Book Review: “Leading Through A Pandemic” And “Work Smart Now”, Ghenwa Mahmoud Al Hakim

Arab Economic and Business Journal

This article provides comparative review of two books “Leading Through a Pandemic: The Inside Story of Humanity, Innovation, and Lessons Learned During the COVID-19 Crisis” and “WORK SMART NOW How to jump start productivity, empower employees and achieve more” written by professional authors in the field of leadership and successful management practices. These books were chosen for being highly effective in contributing added value knowledge to the literature of leadership practices, whether in the context of crises or normal conditions. The review was commenced with description of the chapters of the books and clarifying its infringements to the readers …