General Motors Company (GM): Why "Government Motors" Still Owes Y
Officially speaking, the answer is a pretty clear "no." GM has satisfied the terms of the $49.5 billion bailout that gave the giant automaker a new lease on life in 2009, paying back the debt as agreed - with a mix of cash and stock.
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#1 Mar 25, 2013
GM will short the American taxpayers over 50 billion,another 22 billion by ALLY Bank,and Obama thinks they are doing a great job! All the banks that took Bailout money, repaid plus interest in full, and the AIG paid over 26 billion in interest! GM is a losers, and the taxpayers know this, and this is why they cant make a profit in North America.
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