Asked how the level of support -- almost US$5 billion for 5,000 jobs -- compared to that of other projects that the bank had nurtured, he insisted that the bank had no yardstick, and that dividing the amount of support by the number of jobs was not a good measure.
"That's a crazy equation," Cogan said.
Cogan said that the cost to US taxpayers would depend on the success of the project. If the loans are paid back on time, they could generate a profit for the bank, he said.
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