Wednesday, June 01, 2011

Govt to lose $14B of auto bailout funds - Yahoo! News

But wait....didn't I hear that they'd paid EVERYTHING back with interest - that this was a HUGE success? That this didn't cost the taxpayers ANYTHING???

The Obama administration said Wednesday that the government will lose about $14 billion in taxpayer funds from the bailout of the U.S. auto industry.

In a report from the president's National Economic Council, officials said that figure is down from the 60 percent the Treasury Department originally estimated the government would lose following its $80 billion bailout of Chrysler and General Motors in 2009."

No comments:

Post a Comment