The Treasury Department sank billions into auto finance giant GMAC Inc. without an exit strategy or proof the company was viable -- a decision that could cost taxpayers $6.3 billion, a new watchdog report says.Read the rest of this entry >>
Showing posts with label US Department of Treasury. Show all posts
Showing posts with label US Department of Treasury. Show all posts
Thursday, March 11, 2010
Watchdog Says GMAC Bailout Could Cost Taxpayers $6.3 Billion
The Treasury Department sank billions into auto finance giant GMAC Inc. without an exit strategy or proof the company was viable -- a decision that could cost taxpayers $6.3 billion, a new watchdog report says.Read the rest of this entry >>
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