02 June 2011

You don't pay it back...

...it's not a loan...

-- WASHINGTON -- The Obama administration said Wednesday that the government will lose about $14 billion in taxpayer funds from the bailout of the U.S. auto industry.


1 comments:

stageleft said...

Globe & Mail: Taxpayers will be left on the hook for some of the $13.3-billion they provided to help bail out Chrysler Group LLC and General Motors Co. (GM-N29.40-0.20-0.68%), Finance Minister Jim Flaherty says.

“At the end of the day, there’s not going to be full recovery of the taxpayers’ investments that were made back in 2008-2009 – in the sense of cash recovery,” Mr. Flaherty said Monday.


At the time our government said it was a loan to - they all lie.