Description
The loan to Chrysler's lending arm came as part of the broader auto industry bailout.
Eye on the Bailout
Chrysler Financial Services
Farmington Hills, Mich.
| Committed: | $1,500,000,000 | ||||
| Disbursed: | $1,500,000,000 | Returned: | $1,500,000,000 | Revenue to Gov't: | $7,405,894 |
| Profit: | $7,405,894 | ||||
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Chrysler Financial Services returned its bailout funds on Jul. 14, 2009
Map: Corporate headquarters of Chrysler Financial Services.
See all recipients in Michigan
Events
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$1.5B
Jan. 16, 2009 Debt Obligation w/ Additional Note
Part of the Automotive Industry Financing Program
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$1.5B
Jul. 14, 2009
Part of the Automotive Industry Financing Program
More info from corp.chryslerfinancial.com
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$7.4M
Jul. 15, 2009 Total Interest Paid Thru 7-09
Part of the Automotive Industry Financing Program
More info from www.financialstability.gov
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Oct. 22, 2009 TARP Chief for Exec Compensation Releases Findings
The Special Master for TARP Executive Compensation releases determinations on the compensation packages for the top 25 most highly paid executives at the companies that received "exceptional" assistance -- i.e. those that were bailed out in the strictest sense of the word: AIG, Bank of America, Citigroup, Chrysler, Chrysler Financial, General Motors, and GMAC.
More info from www.financialstability.gov
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 07/15/2009 | Interest | $7,405,894 | AIFP | Total Interest Paid Thru 7-09 |
| 07/14/2009 | Refund | $1,500,000,000 | AIFP | |
| 01/16/2009 | Loan | $1,500,000,000 | AIFP | Debt Obligation w/ Additional Note |
For our blog, resources and more, see our main bailout page.
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