GMAC Massacre
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GMAC Massacre
GMAC or G-MAC may refer to: Organizations * Ally Financial (General Motors Acceptance Corporation), traded as GMAC until 2010 * GMAC Insurance, former name of National General Insurance * GMAC Real Estate, a former real estate franchised brokerage firm * GMAC ResCap (Residential Capital), which includes GMAC Mortgage * Graduate Management Admission Council, an international association of business schools * GMA Canada, the Gospel Music Association of Canada, formerly the CGMA * Global Markets Advistory Committee, part of the U.S. Commodity Futures Trading Commission The Commodity Futures Trading Commission (CFTC) is an independent agency of the US government created in 1974 that regulates the U.S. derivatives markets, which includes futures, swaps, and certain kinds of options. The Commodity Exchange Ac ... Computing * Galois Message Authentication Code, a type of cryptographic message authentication code * Giga multiply–accumulate operations per second, a rate of ...
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Ally Financial
Ally Financial is a bank holding company organized in Delaware and headquartered in Detroit, Michigan. The company provides financial services including car finance, online banking via a direct bank, corporate lending, vehicle insurance, mortgage loans, and an electronic trading platform to trade financial assets. Ally is one of the largest car finance companies in the U.S., providing car financing and leasing for 4.5 million customers and originating 1.4 million car loans annually. It is on the list of largest banks in the United States by assets and has 2.0 million depositors. Its electronic trading platform has approximately 350,000 funded accounts. The company has sold more than 5 million vehicles, including 270,000 vehicles sold in 2019 via its SmartAuction online marketplace for auto auctions, launched in 2000. The company was known as GMAC, an acronym for General Motors Acceptance Corporation, until 2010. History The company was founded in 1919 by General Motors (GM) a ...
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GMAC Insurance
National General Insurance, formerly the GMAC Insurance Group is a Winston-Salem, North Carolina-based property and casualty insurance company. The company was founded in 1920. The company is the only insurance company in the United States to originate within the automotive industry. The holding company for National General Insurance Personal Lines is National General Holdings Corp. As of August 2016, the company was owned by Barry Karfunkel and his family. Barry Karfunkel became the president of the company when Michael Karfunkel died. History One of the two companies that became National General Insurance was life insurance company Integon, founded in Winston-Salem, North Carolina in 1920. The second company was Motors Insurance Company, founded in 1925 by General Motors. It was seen as a way to offer damage coverage to GM vehicles sold by dealers and financed by GMAC (now Ally Financial). In 1969, Integon Corp. started a holding company and began insuring high-risk drive ...
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GMAC Real Estate
GMAC Real Estate was a real estate franchised broker. It had 13,000 agents. In 2008, it was acquired by Brookfield Asset Management and in 2012, it merged into HomeServices of America. History GMAC Real Estate was founded in 1998, when GMAC (now Ally Financial) bought the Better Homes and Gardens Real Estate brand from Meredith Corporation. In 2001, John Bearden was named president and CEO of GMAC Home Services, the parent company of GMAC Real Estate. In 2002, the company ranked 6th in transaction volume among U.S. real estate companies. In 2006, the company awarded franchises in the St. Louis area and in the Denver area. In 2008, GMAC Home Services LLC was acquired by Brookfield Asset Management. In 2009, Brookfield merged the company into its Real Living division. In 2012, HomeServices of America, an affiliate of Berkshire Hathaway Berkshire Hathaway Inc. () is an American Multinational corporation, multinational conglomerate (company), conglomerate holding company he ...
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GMAC ResCap
GMAC ResCap, Inc. was a residential mortgage loan originator and servicer based in Minneapolis, United States. As a result of its exposure to subprime lending during the subprime mortgage crisis, the company filed for bankruptcy protection in 2012 and underwent liquidation in December 2013. History In 1982, Residential Funding Company LLC was formed as a subsidiary of Northwest Bank. In 1990, the company was acquired by GMAC Mortgage Corp. In 2005, GMAC (now Ally Financial), a subsidiary of General Motors, transferred ownership of GMAC Mortgage Corporation and Residential Funding Corporation (GMAC-RFC) to Residential Capital Corporation (ResCap) and contributed $2 billion of equity. In January 2007, the company eliminated 1,000 jobs. In October 2007, the company eliminated 3,000 jobs. At the beginning of 2007, the company had 14,000 employees. In May 2008, the company reported that it may run out of money. In June 2008, the company completed a $60 billion refinancing. In 20 ...
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Graduate Management Admission Council
The Graduate Management Admission Council (GMAC) is an international non-profit organization of business schools that provides products and services to academic institutions and prospective graduate management education students. The organization owns the Graduate Management Admission Test (GMAT), a standardized assessment that is widely used by graduate business administration programs (e.g. MBA, Master of Accountancy, Master of Finance, Master of Science in Business/Management, etc.) to measure quantitative, verbal, analytical and integrated reasoning skills in applicants. GMAC is based in Reston, Virginia. In 2007, the organization opened an office in London, its first international location. GMAC also has offices based in Hong Kong and Gurgaon, India. The Graduate Management Admission Council has 212 member schools from 22 countries, including Australia, Canada, China, France, Great Britain, India and the United Kingdom. In 2007, the organization embarked on an effort to incre ...
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GMA Canada
The Gospel Music Association of Canada or GMA Canada (formerly known as the CGMA) is a not for profit association, founded in 1974, whose purpose is to promote Christian music in Canada. History GMA Canada is created in 1974 in Ontario with Covenant Awards. At the beginning, it was mostly for gospel music. Over the years, all styles of Contemporary Christian music have been included. In 2008 the association released a special three-CD collection to commemorate its 30th anniversary, the '' GMA Canada presents 30th Anniversary Collection''. Mission GMA Canada works to raise the profile and interaction of Christian artists, songwriters, producers, promoters and others working in Christian music with media, retailers, distributors and church leadership. Management The business of the association is conducted by a board of advisors drawn from its membership. The current board consists of Gregory J. Strom (president), Gordie Cochran, Jaylene Johnson, Melayne Shenkel, and Cl ...
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Commodity Futures Trading Commission
The Commodity Futures Trading Commission (CFTC) is an independent agency of the US government created in 1974 that regulates the U.S. derivatives markets, which includes futures, swaps, and certain kinds of options. The Commodity Exchange Act (CEA), ''et seq.'', prohibits fraudulent conduct in the trading of futures, swaps, and other derivatives. The stated mission of the CFTC is to promote the integrity, resilience, and vibrancy of the U.S. derivatives markets through sound regulation. After the financial crisis of 2007–08 and since 2010 with the Dodd–Frank Wall Street Reform and Consumer Protection Act, the CFTC has been transitioning to bring more transparency and sound regulation to the multitrillion dollar swaps market. History Futures contracts for agricultural commodities have been traded in the U.S. for more than 150 years and have been under federal regulation since the 1920s. The Grain Futures Act of 1922 set the basic authority and was changed by the Commo ...
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Galois Message Authentication Code
In cryptography, Galois/Counter Mode (GCM) is a mode of operation for symmetric-key cryptographic block ciphers which is widely adopted for its performance. GCM throughput rates for state-of-the-art, high-speed communication channels can be achieved with inexpensive hardware resources. The operation is an authenticated encryption algorithm designed to provide both data authenticity (integrity) and confidentiality. GCM is defined for block ciphers with a block size of 128 bits. Galois Message Authentication Code (GMAC) is an authentication-only variant of the GCM which can form an incremental message authentication code. Both GCM and GMAC can accept initialization vectors of arbitrary length. Different block cipher modes of operation can have significantly different performance and efficiency characteristics, even when used with the same block cipher. GCM can take full advantage of parallel processing and implementing GCM can make efficient use of an instruction pipeline or a hard ...
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Multiply–accumulate Operation
In computing, especially digital signal processing, the multiply–accumulate (MAC) or multiply-add (MAD) operation is a common step that computes the product of two numbers and adds that product to an accumulator. The hardware unit that performs the operation is known as a multiplier–accumulator (MAC unit); the operation itself is also often called a MAC or a MAD operation. The MAC operation modifies an accumulator ''a'': :\ a \leftarrow a + ( b \times c ) When done with floating point numbers, it might be performed with two roundings (typical in many DSPs), or with a single rounding. When performed with a single rounding, it is called a fused multiply–add (FMA) or fused multiply–accumulate (FMAC). Modern computers may contain a dedicated MAC, consisting of a multiplier implemented in combinational logic followed by an adder and an accumulator register that stores the result. The output of the register is fed back to one input of the adder, so that on each clock cycle, ...
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Gigabit Ethernet
In computer networking, Gigabit Ethernet (GbE or 1 GigE) is the term applied to transmitting Ethernet frames at a rate of a gigabit per second. The most popular variant, 1000BASE-T, is defined by the IEEE 802.3ab standard. It came into use in 1999, and has replaced Fast Ethernet in wired local networks due to its considerable speed improvement over Fast Ethernet, as well as its use of cables and equipment that are widely available, economical, and similar to previous standards. History Ethernet was the result of research conducted at Xerox PARC in the early 1970s, and later evolved into a widely implemented physical and link layer protocol. Fast Ethernet increased the speed from 10 to 100 megabits per second (Mbit/s). Gigabit Ethernet was the next iteration, increasing the speed to 1000 Mbit/s. * The initial standard for Gigabit Ethernet was produced by the IEEE in June 1998 as IEEE 802.3z, and required optical fiber. 802.3z is commonly referred to as 1000BASE-X, whe ...
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Graeme McDowell
Graeme McDowell (born 30 July 1979) is a professional golfer from Northern Ireland. He has a total of eleven tournament victories on the European Tour, and four on the PGA Tour, including one major championship, the 2010 U.S. Open at Pebble Beach. In 2022, he joined LIV Golf. McDowell has also represented Ireland at the World Cup and he has been a member of the European Ryder Cup team on four occasions. He has appeared in the top-10 in the Official World Golf Ranking, with a highest ranking position of 4th (January to March 2011). Early life McDowell was born in Portrush, County Antrim, Northern Ireland, and played with Rathmore Golf Club since he was eight or nine years old. His uncle, Uel Loughery, coached him there when he was younger. At the age of 14, McDowell played senior cup for Rathmore. In his teens he attended Coleraine Academical Institution. He then studied engineering at Queen's University in Belfast, then transferred to the University of Alabama at Birmingham ...
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GMAC Bowl
The LendingTree Bowl is a postseason NCAA-sanctioned Division I FBS college football bowl game that has been played annually in Mobile, Alabama since 1999. In 2021, the game was moved from Ladd-Peebles Stadium to Hancock Whitney Stadium, on the campus of the University of South Alabama. The game currently matches teams from the Sun Belt Conference and the Mid-American Conference. Originally known as the Mobile Alabama Bowl during its first two playings, it has undergone many name changes. History The game was known as the Mobile Alabama Bowl for its first two playings, in 1999 and 2000. GMAC (now Ally Financial) had become the title sponsor for the 2000 playing, and the game was renamed as the GMAC Bowl for the 2001 though January 2010 playings. It was then the GoDaddy.com Bowl for the January 2011 to January 2013 playings when GoDaddy took over sponsorship. In May 2013, it was announced that the ".com" would be dropped from the bowl's name, rebranding it as the GoDaddy Bowl for t ...
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