U.S. Treasury Lost $10 Billion On Auto Bailout

Streetsblog
By Angie SchmittNov 1, 2013, 10:33 am71 pts
It cost taxpayers almost $10 billion to rescue General Motors. And another $2 billion to rescue Chrysler: According to a report today from the Office of the Special Inspector General for the Troubled Asset Relief Program, “In return for a total of $49.5 billion in loans to GM, Treasury received $6.7 billion…

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