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Message Subject GM makes record profits in 2011. Are you serious? 7.6 billion
Poster Handle SHININGLIGHT
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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."
 Quoting: SHININGLIGHT


That sounds about right.

So, shouldn't GM return their 2011 profit back to the taxpayer?

That would be akin to common folks who have their tax returns taken for various unpaid bills.
 Quoting: Anonymous Coward 9720175


The poorer get poorer, right?
 
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