Tuesday 30 December 2014

US Treasury: Over $9B Lost In Auto Industry Bailout

The final tally is in: American taxpayers lost $9.26 billion from the Bush II/Obama-led rescue of the U.S. auto industry. The Detroit News reports the loss comes out of a total investment by the U.S. Treasury of $79.69 billion used to bail-out General Motors, Chrysler Group, Ally Financial and Chrysler Financial. The department recovered $70.43 […]


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from The Truth About Cars http://www.thetruthaboutcars.com/2014/12/us-treasury-9b-lost-auto-industry-bailout/

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