$1.3 Billion dollars

"The administration has sold out an American icon to a foreign company using TARP funds underwritten by taxpayers. Now they are essentially give that same company $1.3 billion of taxpayer money," 
  
"At a time when American taxpayers must make tough choices to repay their mortgages -- even on houses worth less than they paid -- it is unfathomable that Italian automaker Fiat and its subsidiary Chrysler got away with repaying less than the full amount borrowed from the U.S. government," 

Treasury provided a total of $12.5 billion to Chrysler and its financing arm after the recession hampered auto sales and sent Chrysler and General Motors to the brink of collapse. The funds came from the government's $700 billion bank bailout fund.


Since then, $11.2 billion of the assistance has been repaid, Treasury said. Chrysler repaid $5.1 billion in loans from the government in May. But the $1.3 billion remaining is unlikely to be recovered, Treasury said
.
"With today's closing, the U.S. government has exited its investment in Chrysler at least six years earlier than expected," said Tim Massad, assistant secretary for financial stability. 


"This is a major accomplishment and further evidence of the success of the administration's actions to assist the U.S. auto industry, which helped save a million jobs during the worst economic crisis since the Great Depression." 


Chrysler has made a remarkable turnaround from two years ago, when it was rescued by the government and now owned by Italian auto maker Fiat. 


$1.3 billion HOW MANY  VETERANS DO YOU THINK COULD BE HOUSED INSTEAD OF LIVING ON OUR STREETS AND WOODS WITH