So whom did I pick to emcee the LOLFed New Year? Michael Carpenter, GMAC’s CEO, because he got some shiny new cash this morning and should be in a celebratory mood:

The government is providing a fresh $3.8 billion cash infusion to stabilize GMAC Financial Services as it struggles with hefty losses in its home mortgage unit.

The Treasury Department says the new aid, which comes from a taxpayer-financed bailout fund, is less than the roughly $6 billion the government had earlier thought GMAC would need to stabilize the company.

The fresh infusion is on top of $12.5 billion in taxpayer money Detroit-based GMAC has already received from the government. The new agreement will boost the federal government’s ownership in GMAC to 56 percent, from 35 percent.

Congrabulations, American readers, you now own more than fifty percent of this lending bastion.

Some more morning fun:

- The Reformed Broker asked the financial blogosphere what we learned in 2009. Jason weighs in for LOLFed.

- Consumer confidence on the uptick? O RLY. Tumbleweeds in California malls.  Moar evidence to the contrary as local cub reporters prowl GGP properties .

- Will giving Fannie and Freddie a blank check bring on the pitchforks? (One could hope so, but how many people want to bite the hand that fed them their suburban 4/3? h/t to TakeAReport)

- When Bell Biv Devoe said never trust a big butt and a smile, they meant to tell you it would cost you your sponsors. (Tiger Woods/$T)