U.S. taxpayers are still owed $132.9 billion by companies that benefited from the financial bailout and haven’t fully repaid. Some of that money will never be recovered, a government watchdog said.
Big companies like General Motors and AIG, which benefited from the bailout, still owe U.S. taxpayers $132.9 billion. Some of that money will never be recovered, a government watchdog said.
Christy Romero, the acting special inspector general for the $700 billion bailout, has said the bailout that began in September of 2008, could actually last for several more years. Romero told The Associated Press that some bailout programs such as the effort to reduce home foreclosures will last up to 2017 and such programs could cost an additional $50 billion or more.
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