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Thursday, June 02, 2011

Taxpayers Stand To Lose $16 Billion In Automotive Bailout

The White House says taxpayers stand to lose $16 billion dollars of the money spent to bail out the car industry. That figure comes from a new report titled, The Resurgence of the American Automotive Industry. It was posted to the White House blog yesterday. Total losses will amount to less than 20 percent of the total handed out to automakers.
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1 comment:

  1. AnonymousJune 2, 2011 at 12:30 PM

    I think they forgot to included the losses to bondholders in their illegal restructuring.

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