Friday, January 02, 2015

Sooo, the unions and their political crook allies walked away with $9.3 BILLION of your money?!!!------Ally sale leaves U.S. taxpayers with $9.3 billion loss on auto rescues

Ally was called GMAC.
I guess GM didn't want you to know the same scam is still around with a different name.
Ally sale leaves U.S. taxpayers with $9.3 billion loss on auto rescues | Crain's Detroit Business:
U.S. taxpayers lost $9.3 billion on the government’s bailout of auto companies following the Treasury Department’s sale of its remaining stake in Ally Financial Inc.
The Treasury took in $70.4 billion from the rescue of companies including General Motors Co., Chrysler Group and Detroit-based auto lender Ally after spending $79.7 billion of taxpayer funds, according to department data released Monday.

But the banks paid back EVERY penny AND MORE!
......Overall, the government received $441.7 billion in repayments and other income from the Troubled Asset Relief Program bailouts that also included financial firms Citigroup Inc., Bank of America Corp. and American International Group Inc.
That amount was $15.1 billion more than the $426.6 billion that was spent, according to the Treasury data."

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