-
Recent Posts
- GM to Layoff 500 Employees at Oshawa Assembly
- GM Spending $30M at Fairfax to Flex EV and ICE Making
- First Look – Genesis X Skorpio Concept
- Porsche Head of Design – Sühlmann Succeeds Mauer
- GM Posts 2025 Net of $12.7B on $185B Revenue
- EVs Outsell Internal Combustion Vehicles in EU!
- Volvo Car Financial Services Extends BoA Deal
- Tesla, Toyota Top Power 2026 U.S. ALG Residual Value Awards
- Fire Risk – Ford Recalls Escape, Explorer, Focus, MKC Models
- Pessimism on the Economy – A Pox on Both Parties
- Nissan Sells South African Plants to Chery SA
- January 2026 U.S. Auto Sales Forecast Down
- FDIC Conditionally Approves Ford Credit Industrial Bank
- First Look – 2026 Mercedes-AMG F1 W17 Racer
- Volvo EX60 Mid-Size SUV Debuts
Recent Comments
- UAW Ford Department Director VP Laura Dickerson on Trump's Ford Plant Visit on Whitmer Stands in Stark Contrast to Trump at Detroit Auto Show
- Ken Zino on Ford Fuel Injector Leak Recall Now at ~694,000
- Laverne Oliver on Ford Fuel Injector Leak Recall Now at ~694,000
- Magna on its Share Repurchase Plan in reference to on Magna Posts Solid Q3 2025 Earnings Gain
- Daniel Ricciardo Global Ford Racing Ambassador on Ford Performance Rebranded as Ford Racing
Archives
Meta
Tag Archives: treasury
Taxpayers to Recoup $1.3 Billion on Latest GM Stock Sale
U.S. Treasury today said that the 30 million shares of GM common stock it is selling at $34.41 per share is expected to total a $1.03 billion recovery for U.S. taxpayers. Continue reading
Posted in auto news
Tagged autoinformed, autoinformed.com, gm bailout, great recession, Ken Zino, sec, treasury
1 Comment
AIG Bailout of $182 Billion Paid Back. Taxpayers make at least $12B
The U.S. Department of the Treasury announced it is selling 553,846,153 shares of its American International Group (AIG) common stock at $32.50 per in a public offering. The proceeds to Treasury from the common stock sales are expected to be ~$18.0 billion. This means that the transaction locks in at least a $12.4 billion positive return on the $182 billion in Treasury and Federal Reserve loans and commitments to AIG. The bailout loan will be fully paid off in what remains an unpopular (but extremely effective) example of government intervention in a failed marketplace. Ideologues still refuse to admit that the TARP and associated government actions saved the U.S. and perhaps the global economy. It certainly – without question – saved the U.S. auto industry and this includes companies that received no loans. Continue reading
Posted in economy, fools 'n frauds, news, news analysis, people
Tagged aig, auto informed, autoinformed.com, automotive news, bailouts, Ken Zino, treasury
Leave a comment
Treasury Makes $245 Million in Added Profits from TARP
TARP’s bank programs have already earned a significant profit for taxpayers. Including the expected proceeds from today’s transaction, Treasury has now recovered $264 billion from TARP’s bank programs through repayments, dividends, interest, and other income – compared to the $245 billion initially invested. Continue reading
Treasury to Sell Preferred Bank Stock Acquired Under TARP
The U.S. Department of the Treasury announced today that it is starting secondary public offerings of the preferred stock it holds in seven so-called CPP institutions (Capital Purchase Program under TARP). The Troubled Assets Relief Program, which injected huge amounts of taxpayer cash into U.S. banks, was sold to the American public as a way to encourage banks to lend money to free up the frozen capital markets. From October 2008 through December 2009, Treasury invested almost $205 billion in 707 financial institutions as part of the federal government’s efforts to help stabilize U.S. financial markets and the economy.
However, some the banks used part of the funds to pay huge executive bonuses, repurchase stock and pay dividends, according to the Government Accountability Office. Now GAO concerns are being raised about the health of the banks remaining in the program. Continue reading
Posted in economy, financial results, news, news analysis
Tagged auto informed, autoinformed.com, automotive news, cpp, gao, Ken Zino, tarp, taxpayer bailouts, treasury
Leave a comment
Chrysler to Repay Loans with New Debt. Fiat to Up Stake to 46%. Credit Ratings under Review for Possible Downgrade?
Chrysler Group will repay the loans provided from the U.S. Department of the Treasury and the Canadian federal and Ontario governments by June. Continue reading
