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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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GM makes record profits in 2011. Are you serious? 7.6 billion
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Poster Handle
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SHININGLIGHT |
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Post Content
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Has GM paid back the taxpayer bailout money from 2008?
Quoting: Anonymous Coward 9720175 Here is what it says in the link...but I don't really understand....you? "GM has repaid loans it received, and the Treasury got most of the proceeds of its record initial public offering in November 2010. But Treasury still holds about a third of the company's shares, which are trading below its IPO price, and GM has yet to return $25.5 billion of the money it received." It means they've paid back some of the money. Much of that outstanding $25B debt was loans to the former GMAC, the car loan arm of General Motors. It's called Ally financial now. How much you want to bet more accounting tricks and this will never get repaid?
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