US Taxpayers sponsor bowl game via GMAC

"In October, GMAC changed its legal status so that it would be eligible for TARP funds passed by Congress. Late last month, GMAC was approved to receive a $5 billion lifeline from the U.S. government. However, the company is still

• maintaining its sponsorship of a collegiate bowl game set for Jan. 6 in Mobile, Alabama....

According to a June 13, 2000 Associated Press story, GMAC originally agreed to pay $500,000 for the naming rights of the Mobile, Ala. bowl game." via Free Republic

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