Via The American Enterprise Institute
The nearby chart, drawn from information released by the Treasury, shows the current status of the financial assistance that the automotive industry has received through TARP. Out of the total $80 billion that has been paid out, only $35 billion has been repaid, some $7 billion has been written off, and $37 billion is still outstanding. That is, 9 percent of the original amount has already been lost, and close to half is still in limbo.
Correcting misconceptions about markets, economics, asset prices, derivatives, equities, debt and finance
Wednesday, April 4, 2012
Auto Industry Still Owes About Half Of The US Government Financial Bailout
Posted By Milton Recht
From The Enterprise Blog, "Are the bailed-out car companies profitable? 37 billion reasons why they’re not" by James Pethokoukis:
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