Stop the Bailouts!
Taxpayer losses from supporting Fannie Mae and Freddie Mac will top $400 billion
By Alan Caruba —— Bio and Archives--January 3, 2010
American Politics, News | Comments | Back To Full Article
I can recall the bailout that Chrysler received in 1979. Jimmy Carter was President and the question of whether the government should save the nation’s third largest automaker was subjected to a lot of debate. In the end, Congress authorized a $1.5 billion loan package. In 1983, Chrysler repaid the loan guaranteed by the U.S. taxpayers.
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