Bailouts, Tarp Repayment | featured news

Taxpayer loss on auto bailout narrows

Taxpayer loss on auto bailout narrows

The government expects to recover more money than anticipated from the auto bailout as it pulls back financially from the sector, but taxpayers still face billions in potential losses, the White House said.

 

Chrysler repays bailout money to Treasury department

The Treasury department said on Tuesday that automaker Chrysler Group LLC has repaid $5.1 billion in bailout loans and ended its ability to draw a remaining $2.1 billion.

 

AIG to repay $21bn emergency loan

Troubled insurer AIG is to repay a $21bn bail-out loan, paving the way for a share sale by the US Treasury.

 

Treasury: TARP Money Returned to Taxpayers Exceeds $250 Billion

Treasury updated its projections for the cost of the 2008 Troubled Asset Relief Program, saying that for the first time the amount of funds that has been returned to taxpayers exceeds $250 billion.

 

AIG and government agree on plan to pay back taxpayers

American International Group Inc and the U.S. government agreed on a plan that would see the insurer repay taxpayers fully for bailing it out at the height of the financial crisis.

 

AIG repaying nearly $4 billion in federal loans

AIG repaying nearly $4 billion in federal loans

In its single biggest repayment of bailout loans so far, American International Group Inc. said Monday it is paying back nearly $4 billion in taxpayer aid with proceeds from a recent debt sale.

 

UK's Prudential buys AIG's Asian unit for $35.5B

British insurer Prudential PLC said Monday it will buy the Asian unit of bailed out American International Group Inc. in a deal worth $35.5 billion that will allow AIG to pay back some of the money it owes U.S. taxpayers....

 

AIG Ditches Payback Plan

AIG Ditches Payback Plan

American International Group and federal overseers have decided to scrap a plan to use cash flows from life-insurance policies to repay $8.5 billion in federal aid as the market recovery has opened up other options.

 

Obama's pushback on banks sends stock lower again

Stocks retreated Friday for a third straight day on fresh concerns about President Barack Obama's proposed restrictions on banks....

 

GM to repay bailout loans

GM to repay bailout loans

Automaker will repay $6.7B in taxpayer-funded loans by end of June, new chief executive says.

 

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