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> The US government bailed out GM for $51 billion dollars. The headline number here should be ~$11B [1] -- while the US put in more than that, they also got mo
by jefftk 2y ago
> The US government bailed out GM for $51 billion dollars.
The headline number here should be ~$11B [1] -- while the US put in more than that, they also got most of it back.
[1] https://www.reuters.com/article/us-autos-gm-treasury-idUSBREA3T0MR20140430/ https://www.reuters.com/article/us-autos-gm-treasury-idUSBRE...
- coredog64 2y agoThe bailout allowed the government to impose strict conditions on GM that benefited the UAW and which they wouldn’t have gotten in a bankruptcy.