US Taxpayers Lost $1.3 Billion In Government Bailout Of Chrysler

- U.S. loses $1.3 billion in exiting Chrysler (CNNMoney, July 21, 2011): NEW YORK (CNNMoney) — U.S. taxpayers likely lost $1.3 billion in the government bailout of Chrysler, the Treasury Department announced Thursday. The government recently sold its remaining 6% stake in the company to Italian automaker Fiat. It wrapped up the 2009 bailout that [...] continue reading world news