Topic: Chrysler Financial Services LLC
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$132.9 billion: Remember TARP? It still owes you.
$132.9 billion short, the 2008 US bailout of the financial system could continue through 2017. Some of the $132.9 billion TARP money will never be recovered.
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Treasury says loss on Chrysler loan deal will cost US taxpayers $1.6 billion
The US Treasury has announced that it will lose $1.6 billion on a loan it made to Chrysler early last year. Congressional auditors say the American taxpayers could lose upwards of $34 billion in loans to both Chrysler and GM.
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Wall Street pay cuts ordered by Treasury
The Treasury Department is ordering pay cuts for top executives at the seven big companies that have yet to pay back government bailout cash. The US public has balked as such firms have handed out huge bonuses.
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Bank of America's Ken Lewis takes pay cut, but no one follows
Although CEO Ken Lewis agrees to a $0 pay package, don't expect a wholesale revolution in executive compensation on Wall Street.
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