The last government bailout that got repaid was Chrysler. In 1980, the government loaned Chrysler $1.5 billion. Chrysler repaid the loan in 1983, seven years ahead of schedule and netted the government $311 million.
Since then, the US has bailed out:
Continental Illinois National Bank & Trust, 1984, $87.5 billion
Savings and loan industry, 1989, $160 billion
Airline industry, 2001, $15 billion
Amid failure, Continental Illinois National Bank & Trust was acquired by Bank of America in 1994 for $1.9 billion. The cost of the savings and loan bailout was never recouped and is a failed bailout that influences markets even today. The post 9/11 grants and loan guarantees were not enough to keep the airline industry profitable and to date, that $15 billion is gone.
Previous bailouts that were repaid include:
Lockheed, 1971, $250 million, repaid in 1977, $30 million net
New York City, 1975, $6.9 billion, repaid by 1985
Source: Conde' Nast Portfolio November, 2008. On the web here.
I don't know about you, but I don't have any hope of getting any of my money back from the latest bailout program. And before its over it will be a trillion dollars. Yes, a trillion. This is the ultimate example of why not to trust anyone who is trying to sell you something or someone in government who thinks they know whats best for you.
Something’s fishy about this mine plan
3 hours ago