That would be the honest headline…
Here is what CNN had to say:
U.S. loses $1.3 billion in exiting Chrysler
As government wraps up auto bailouts, Treasury says it likely lost $1.3 billion on Chrysler deal.
By Annalyn Censky | CNN
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.
My headline is an understatement of how much you paid, as that value is the dividend of the $1,300,000,00.00 “loss” divided by all 311,800,000 persons in the United States, of which less than half actually pay taxes. So a more realistic value would be something like $30.00 out of the pocket of each and every tax payer.
And we didn’t even get a stupid t-shirt.