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  1. #1
    Join Date
    Aug 2005
    New Jersey

    Taxpayers face heavy losses on auto bailout

    I was going to post this as a comment to 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:

    The Congressional Budget Office estimated in June that taxpayers would lose about $40 billion of the first $55 billion in aid.
    See the article at
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  2. #2
    Join Date
    Dec 2000
    The Woodlands, Tx
    [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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