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> They repaid the loan because they ended up not needing the cash. It can't get simpler than that. However, the point stands that they received lots of other b
by anamax 17y ago
> They repaid the loan because they ended up not needing the cash. It can't get simpler than that.
However, the point stands that they received lots of other bailout money, money that they haven't repaid.
Yes, that money went for "ownership" and we can hope that is eventually worth more than it cost, but it isn't worth that now and it hasn't been returned to the US taxpayer.
Basically, we hold part of GM as collateral. If they fail, we're out the money.