GM Bailout Cost Taxpayers Almost $1B More Than Estimated - Presented by: The Aol. On Network

The U.S. government lost $11.2 billion on its bailout of General Motors, almost $1 billion more than the $10.3 billion the Treasury Department estimated when it sold its remaining GM shares in December, according to a government report released on Wednesday. The $11.2 billion loss includes a write-off in March of the government's remaining $826 million investment in old GM, the quarterly report by a Treasury watchdog said.



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