WebSep 20, 2010 · The federal government used money from the $700 billion bank bailout for the auto industry bailout. Legal scholars at the Heritage Foundation, Clinton administration Labor Secretary Robert Reich, and many other commentators have argued that using the bank-bailout money for auto bailouts was illegal. WebMar 27, 2024 · U.S. taxpayers lost more than $11.2 billion as a result of the federal bailout of General Motors, according to a government report released Wednesday. The $11.2-billion loss includes a $826-million write-off in March from government investments in the “Old GM” before the company's 2009 bankruptcy, the report said.
The Other Auto Bailout: Ford, Toyota, … and Harley Davidson?
WebMay 7, 2015 · The filings also confirm that the source of funds for GM’s debt repayments was a multibillion-dollar TARP-funded escrow account at Treasury; that means it was … WebDec 2, 2010 · While Ford was making noise about not taking federal bailout money, they and other major automakers (both foreign and domestic) got federal aid to the tune of … darryl strawberry fleer 90
Auto industry will get help from coronavirus stimulus package
WebApr 9, 2009 · Still, Ford’s decision to borrow billions in 2006 when the capital markets were thriving will go down as one of the most significant moves in the company’s 105-year … WebMay 22, 2024 · In December 1975, after city leaders begin addressing the crisis, Ford signed the New York City Seasonal Financing Act, extending the City a line of credit of up to $2.3 billion (over $10 billion in 2024 dollars). The … WebJan 16, 2009 · The bailout makes Bank of America the biggest recipient of taxpayer money next to Citigroup as the government pours cash into the nation’s banks to plug holes left by bad loans. The worst... bissell cleanview allergen lift off