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Taxpayers face heavy losses on auto bailout
I was going to post this as a comment to http://www.webhostingtalk.com/showthread.php?t=743481 where we discussed the auto bailout previously, but that thread appears to be hosed (maybe due to the WHT hack & data recovery a while back).
Anyhow, it seems as though the taxpayers will not be getting much money back from what was lent to the auto manufacturers:
See the article at http://news.yahoo.com/s/ap/20090909/...versight_panel
The Congressional Budget Office estimated in June that taxpayers would lose about $40 billion of the first $55 billion in aid.
[sarcasm] Yeah naw, what? We didn't see that coming! [/sarcasm] Whatever, stupid politicians. I think of Vanilla Ice song Ice Ice Baby, will it ever stop? Nah they just roll by...
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