Company Investment

What Happens When Government Gets Involved

NEW YORK (CNNMoney) -- U.S. taxpayers likely lost $1.3 billion in the government bailout of Chrysler, the Treasury Department announced Thursday.
The government recently sold its remaining 6% stake in the company to Italian automaker Fiat, wrapping up the 2009 auto bailouts that were part of TARP. Fiat paid the Treasury a total of $560 million for the remaining shares, as well as rights to shares held by the United Auto Workers retiree trust.

Karloffornia foreclosures abound

California foreclosures, mortgage defaults soar

Tue Jan 22, 2008 8:05pm EST
By Jim Christie

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