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<blockquote data-quote="Babagounj" data-source="post: 1487376" data-attributes="member: 12952"><p><span style="font-size: 22px"><strong>Final tally: Taxpayers auto bailout loss $9.3B</strong></span></p><p><span style="font-size: 22px"><strong>Taxpayers lost $9.26 billion on the U.S. government's automotive industry rescue program, according to a final tally released by U.S. Treasury this week.</strong></span></p><p><span style="font-size: 22px"></span></p><p><span style="font-size: 22px"><strong>The government said it recovered $70.42 billion of the $79.68 billion it gave to General Motors, Chrysler, Ally Financial( formerly known as GMAC ), Chrysler Financial and automotive suppliers through the federal Auto Industry Financing Program. The program was part of the larger Troubled Asset Relief Program, or TARP.</strong></span></p><p><span style="font-size: 22px"></span></p><p><span style="font-size: 22px"><strong>The government lost money, but far less than initially expected when the program was launched in 2009.</strong></span></p></blockquote><p></p>
[QUOTE="Babagounj, post: 1487376, member: 12952"] [SIZE=6][B]Final tally: Taxpayers auto bailout loss $9.3B[/B] [B]Taxpayers lost $9.26 billion on the U.S. government's automotive industry rescue program, according to a final tally released by U.S. Treasury this week.[/B] [B][/B] [B]The government said it recovered $70.42 billion of the $79.68 billion it gave to General Motors, Chrysler, Ally Financial( formerly known as GMAC ), Chrysler Financial and automotive suppliers through the federal Auto Industry Financing Program. The program was part of the larger Troubled Asset Relief Program, or TARP.[/B] [B][/B] [B]The government lost money, but far less than initially expected when the program was launched in 2009.[/B][/SIZE] [/QUOTE]
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