Chrysler LLC
Maximum Amount:
$15.57 billion
Deficit Impact:
$1.30 billion This car company received a series of financial assistance packages from the US Treasury to avoid the possibility of failure and any negative market impact that business collapse could carry with it. In order to comply with the program, the company needs to follow a strict set of standards which include creating a viability plan and limiting executive salaries.
On June 2, 2011, Treasury announced that it would sell its 6.6 percent equity stake in Chrysler, meaning that it was fully exiting its TARP investment from Chrysler. They expect a deficit impact of $1.3 billion over the life of the program.
Source:
Notes:
Amount spent indicates loans and other funds issued as of 8/3/2011 (http://www.ustreas.gov/initiatives/eesa/transactions.shtml). Maximum amount is unknown. Deficit impact calculated by CRFB, using CBO's practice of estimating costs on a risk-adjusted present value basis. Deficit impact is derived from Treasury's data on the difference between the funds committed to Chrysler and the funds recovered.