It's been four years since the U.S. launched a massive bailout of the financial system and the auto industry. While much of the bailout money has been paid back, the government still owns large shares in companies such as AIG and GM, and has yet to recoup some $200 billion in bailouts.
Updated at 4:08 with comments from Attorney General Koster and Darain Atkinson's attorney.
Updated 3:58 with statement from the Better Business Bureau:
“US Fidelis left a trail of dissatisfied consumers from across the United States. Today’s guilty plea by Darain Atkinson in St. Charles County illustrates the risks of unethical business behavior and the importance of the work of groups like the Better Business Bureau in exposing the underhanded practices in our marketplace,” Michelle Corey, BBB president and CEO said.
Gov. Jay Nixon wants to offer larger incentives to a wider variety of automobile parts suppliers as part of a plan to rebuild the automotive industry in Missouri.
Nixon's administration provided details to The Associated Press of a plan the governor has been touting in broad terms for the past couple of weeks.
Nixon is seeking to expand special automotive industry incentives approved in 2010 that have been used to persuade Ford and General Motors to expand operations at Missouri plants. The 2010 law also authorized incentives for suppliers to automakers.
Originally published on Wed August 31, 2011 11:01 pm
You've likely seen the commercials for vehicle service contracts on TV promising to save customers thousands of dollars in repairs to their older cars and trucks.
And St. Louis is like the Silicon Valley of those vehicle service contract companies. But while the industry continues to thrive, Missouri's Better Business Bureau logged almost 1,000 complaints about it last year alone.