Cars
On Tuesday, the Office of the Special Inspector General charged with auditing the government's Troubled Asset Relief Program (TARP), which bailed out among others General Motor and the Chrysler Group, came out with a report criticizing the U.S. government for failing to implement salary caps.
- Gm, Chrysler Bail Out Cost The Us Government $9.26 Billion
...
- New Silverado And Sierra Pickups’ Success May Help The Government Offload Gm Stake
President Barack Obama has always stood behind the 2009 bailouts of General Motors and Chrysler and he was vindicated as both companies made a surprising recovery in a very short time period. While Chrysler is out of the picture, the U.S. government...
- U.s. Treasury Department Won’t Sell Gm Its Shares Back Until The Price Is Right
During the 2009 bailout, the U.S. Treasury Department invested more than US$50 billion in General Motors through Troubled Asset Relief Program. It currently owns a 26.5 percent stake in the company, a fact that has led bailout and government opponents...
- New Study Says That Every Gm Vehicle Sold In The States Costs Taxpayers $12,200 - In Theory...
It's 'bailout talk' time again as a new study that was conducted by Thomas D. Hopkins, a Professor of Economics at Rochester Institute of Technology, for the 362,000-member strong National Taxpayers Union (NTU), finds that the American taxpayer...
- Bush Administration Grants $17.4 Billion Loans To Gm And Chrysler
Detroit's Big-Three automakers may have failed to convince the Congress last week to provide $14 billion in loans, but when there's a will, there's a way. In an unprecedented move, the Bush Administration granted GM and Chrysler LLC $13.4...
Cars
Bailout Execs Criticized for Receiving Big Salaries, Some Claimed they Couldn't Survive with $500k…
On Tuesday, the Office of the Special Inspector General charged with auditing the government's Troubled Asset Relief Program (TARP), which bailed out among others General Motor and the Chrysler Group, came out with a report criticizing the U.S. government for failing to implement salary caps.
To brief you up, back in 2008, the U.S. government used US$700 billion under Tarp to bailout more than 700 institutions from which seven companies stood out due to the amount of money they received and the nature of their bailouts.
The seven companies that received so-called "exceptional assistance" were General Motors, the Chrysler Group, Ally Financial (formerly GMAC, Inc.), AIG, Bank of America, Chrysler Financial Services and Citigroup.
Although using taxpayers’ money to bailout privately owned institutions was an issue debated for a long time, as it turns out, saving those companies and thousands of American jobs was not the only issue on hand.
Read more »- Gm, Chrysler Bail Out Cost The Us Government $9.26 Billion
...
- New Silverado And Sierra Pickups’ Success May Help The Government Offload Gm Stake
President Barack Obama has always stood behind the 2009 bailouts of General Motors and Chrysler and he was vindicated as both companies made a surprising recovery in a very short time period. While Chrysler is out of the picture, the U.S. government...
- U.s. Treasury Department Won’t Sell Gm Its Shares Back Until The Price Is Right
During the 2009 bailout, the U.S. Treasury Department invested more than US$50 billion in General Motors through Troubled Asset Relief Program. It currently owns a 26.5 percent stake in the company, a fact that has led bailout and government opponents...
- New Study Says That Every Gm Vehicle Sold In The States Costs Taxpayers $12,200 - In Theory...
It's 'bailout talk' time again as a new study that was conducted by Thomas D. Hopkins, a Professor of Economics at Rochester Institute of Technology, for the 362,000-member strong National Taxpayers Union (NTU), finds that the American taxpayer...
- Bush Administration Grants $17.4 Billion Loans To Gm And Chrysler
Detroit's Big-Three automakers may have failed to convince the Congress last week to provide $14 billion in loans, but when there's a will, there's a way. In an unprecedented move, the Bush Administration granted GM and Chrysler LLC $13.4...