bailout
Quebec has no plans to offer struggling SNC-Lavalin a bailout: Minister
SNC-Lavalin faces a trial after allegedly paying $48 million in bribes to officials under Moammar Gadhafi and defrauding Libyan organizations.
-
Liberals write off $6.3B in loans, including $2.6B to automaker
Key to the jump was a writeoff that was part of a financing package to keep automaker Chrysler afloat during the recession.
-
US taxpayers lose $11.2B on $49.5B GM bailout
Report to Congress says loss is up from a previous estimate of $10.5 billion.
Retiring GM CEO says taxpayers gained on bailout even with paper loss
Dan Akerson says taxpayers would have had to pick up the company’s $26 billion pension obligation if the automaker went under.
-
US government sells GM stake, loses $10.5B but 1.9 million jobs saved
Federal, state governments also would have lost $39.4 billion in tax revenue and other payments
US government expects to sell remaining GM stock by year's end
The Canadian government sold a block of 30 million GM shares in September, valued at $1.1 billion.
-
US government needs $95.51/share to break even on $49.5B GM bailout
Watchdog report says “no question” taxpayers are going to lose money on the investment.
