Taxpayers Lost $1.3 Billion In Chrysler Bailout

Taxpayers Lost $1.3 Billion In Chrysler Bailout

The government bought a piece of Chrysler in a 2009 bailout that turned out to be a costly investment in an automaker deemed too big to fail. Now that the government has sold its remaining interest in the company to Fiat, the U.S. Treasury Department announced the arrangement cost taxpayers $1.3 billion. [More]