GM Announces It Will Pay Back Gov’t Loan With Gov’t Money

ProPublica 3 years ago Region: United States

GM will be begin paying back the TARP money in December [1], the company announced [2] this morning. It’s a statement in need of a little context. Basically, GM will be using a portion of its $50 billion in TARP bai... more

Views: 1739

Taxpayers Lose $2.3 Billion with CIT Bankruptcy

ProPublica 3 years ago Region: United States

CIT filed for bankruptcy protection [1] on Sunday, and part of its plan to heal itself is wiping out the taxpayers’ $2.33 billion stake [2] in the company.  CIT, which specializes in lending to small and midsiz... more

Views: 1222

Obama's Weekly Address 1/31/09: Good News and Bad News

Wendy Stackhouse 4 years ago Region: United States

 In Mr. Obama's second YouTube address since the inauguration, he discusses the economic crisis. The American Recovery and Reinvestment Act passed the House (with no Republican votes at all) but a good bill must land... more

Views: 3283