When doing some financial research recently, I came across a bank that I had never heard of before: Ally Bank.
I was impressed with how frank and human the language on their site was. I was even more impressed with the interest rates and terms they had for their banking products.
Thinking that this was too good to be true, I decided to do some digging. Turns out Ally is the newly-rebranded GMAC. GMAC as in General Motors, as in the bank that’s received two government bailouts.
I also then made the connection to the sponsor of one of my regular podcasts, NPR’s Planet Money. Well, the other shoe finally dropped, and Planet Money decided to do a program on GMAC last week as they’ve gone back to the government for a third bailout.
Kudos to the team for tackling the tough issue of critically reporting on a major sponsor.
You can listen to the podcast here.