Posted on 05/22/2015 8:54:41 PM PDT by Brad from Tennessee
General Motors Says It’s Repaid Bailout. Not True, Says Watchdog Group
http://blogs.wsj.com/drivers-seat/2010/05/04/general-motors-says-its-repaid-bailout-not-true-says-watchdog-group/
May 4, 2010, 5:53 PM ET
Not entirely. The repayment of TARP funds came up about $9 billion short, and there will be no effort to complete the repayment.
Us GM bond holders that had out retirement funds stolen got no such refund
This is the real crime, IMHO. Did you get anything in return for your GM bond? I'm not looking for exact amounts -- just percentage, like 10% of your original investment.
Yes, but I don’t remember. The bonds were actually sold but the price was extremely low, a pittance
That article was published when the government still held a major equity stake in GM. It's been sold now, but it wasn't enough to pay back all the TARP loan.
You can get the information straight from the government:
http://www.treasury.gov/initiatives/financial-stability/reports/Pages/TARP-Tracker.aspx#Auto
$79.7 billion disbursed, $70.4 billion cash back.
I had the same thing happen to me with AIG stock. I didn't buy it directly, as it was in a managed account. I fired the broker shortly after that.
[I own one of the Toyota models supposedly affected and have declined to take it in for the recall work.]
One network interviewed an irate Toyota owner, claiming injury, who turned out to be a GM employee and UAW member.
“That’s my question. Who gets the money?”
In the long run? GM most likely.
GM paid back all the loans. Didn’t you know that? Just ask my liberal son.
Can you give me the Make/Model/Year/Miles when it acted up?
Thanks
GM is being Lynched.
Why GM Hasn’t Repaid Taxpayers
By John Rosevear
July 15, 2013 |
http://www.fool.com/investing/general/2013/07/15/why-gm-hasnt-repaid-taxpayers.aspx
All automobiles are defective in that they allow the driver the capability to try to void the laws of physics and die.
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