Wednesday, April 4, 2012

Auto Industry Still Owes About Half Of The US Government Financial Bailout

From The Enterprise Blog, "Are the bailed-out car companies profitable? 37 billion reasons why they’re not" by James Pethokoukis:
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.

No comments:

Post a Comment