The Use of TARP Funds in the Suppport and Reorganization of the Domestic Automotive Industry
http://cop.senate.gov/documents/cop-090909-report.pdf
Examines the financial crisis confronting the automobile manufacturers, the government decision to provide financing assistance, the tougher terms imposed on the auto companies compared to the financial companies receiving federal help, the conflicts of interest when the government becomes a primary shareholder in a private company, and the exit strategy. Concludes that the government is unlikely to recover the full portion of its investment in Chrysler and General Motors. From the Congressional Oversight Panel.
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