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Not really, what your speaking of isn't entirely accurate. http://business.time.com/2013/12/17/gm-ceo-were-not-paying-any-more-back-to-government/ http://busin
by spoiledtechie 11y ago
Not really, what your speaking of isn't entirely accurate.
http://business.time.com/2013/12/17/gm-ceo-were-not-paying-any-more-back-to-government/ http://business.time.com/2013/12/17/gm-ceo-were-not-paying-a...
- pc86 11y agoYou're talking about the delta in share value. The money they took was paid back.[0] They are two completely different things. > Q: Did General Motors repay its TARP loan from the Treasury with other TARP money? > A: Yes. GM repaid the loan portion of the automaker bailout ahead of schedule, with interest. The article you cite seems to suggest that the government should have had some sort of guarantee from GM that the gov't would be able to sell shares back for no less than what they paid for them. I don't think any such promise was ever made. > taxpayers are still stuck with GM stock that isn’t worth what was paid for it. [0] http://www.factcheck.org/2010/05/general-motors-debt/ http://www.factcheck.org/2010/05/general-motors-debt/