Why taxpayers lose $ 61B on AIG rescue car?
WASHINGTON – The Treasury Department is grateful for the first time it lost 61 billion dollars over two key programs aimed at stabilizing the economy after the biggest financial crisis in decades. The government loses more than $ 30 billion channels extended to American insurance giant International Group Inc., according to data Treasury published Wednesday in an audit by the Government Accountability Office. It is also losing more than $ 30 billion rescue of builders Motor struggling Chrysler amoxil generic and General Motors. Treasury said the losses are partially offset by profits from bailout generic amoxil of banks. He said the bailout banks will be net taxpayers $ 19.5 billion. Overall, the rescue will cost taxpayers $ 41.5 billion.
Yes, it true. However, the money is intended to put our economy back on track. If people are unemployed they do not pay taxes and other costs.
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