The Treasury Department said in a May 10 report that its estimate of auto bailout losses as of March 31 is $13.9 billion. The Congressional Budget Office also estimates a $14 billion loss. The CBO has written off $8 billion of the government's auto bailout as an unrecoverable loss.Photo link here.
Wednesday, June 01, 2011
Wall Street's money might never sleep, but the auto business shreds it
Your money, if you're a taxpayer: