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Showing posts with label
US Department of Treasury
.
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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
T
he 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.
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