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$49.4 billion. $19.4 billion before bankruptcy and another $30 billion to fund GM through it. See the link below.

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11y ago

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Continue Learning about American Government

The agency that loaned money to failing companies and banks?

reconstruction finance corporation


Why does the American tax payer have to pay interest on money loaned to failed banks?

American taxpayers may have to pay interest on money loaned to failed banks due to the government's role in stabilizing the financial system. When banks fail, the Federal Deposit Insurance Corporation (FDIC) or other governmental entities often step in to cover losses and protect depositors, which can involve borrowing funds. The government typically funds these interventions through taxpayers, as they back the financial system. This ensures that the broader economy remains stable, but it can result in taxpayers bearing some of the financial burden.


What did Roosevelt tell people about banks in his fire side chats?

He explained his policies and assured people that he could help them through the DepressionAPEX


If the federal government provided a grant to a state with only the general condition that the money be used for education programs this would be a?

In a fiscal federal form of government, a block grant is a large sum of money granted by the national government to a regional government with only general provisions as to the way it is to be spent, in contrast to a categorical grant, which has stricter and specific provisions on the way it is to be spent.An advantage of block grants is that they allow regional governments to experiment with different ways of spending money with the same goal in mind.


Who spends government money?

The government spends it.