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Taxpayers face heavy losses on auto bailout
Taxpayers face heavy losses on auto bailout
WASHINGTON (AP) - Taxpayers face losses on a significant portion of the $81 billion in government aid provided to the auto industry, an oversight panel said in a report to be released Wednesday. The Congressional Oversight Panel did not provide an estimate of the projected loss in its latest monthly report on the $700 billion Troubled Asset Relief Program. But it said most of the $23 billion initially provided to General Motors Corp. and Chrysler LLC late last year is unlikely to be repaid. http://apnews.myway.com/article/20090909/D9AJOCJ00.html _____ Geez, what a pile of poop! |
And yet, did we expect anything else? One handout after another...:mad:
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