WebFeb 23, 2024 · Only $6.7 billion of the GM bailout ended up as loans, which GM did pay back. The rest was converted to stock. After selling its shares, the government lost … WebOct 18, 2012 · Of the $466 billion distributed, about $245.2 billion have gone to banks, both national and local. And, as of Oct. 18, the day of the president’s speech, the government had taken back about...
U.S. exits GM stake, taxpayers lose $10.5 billion - NBC News
WebJun 6, 2011 · The company got $12.5 billion in bailout funds under the Bush and Obama administrations, but — despite what the president said — isn't expected to pay about $1.3 billion of it. WebG.M. lost $30.9 billion, or $53.32 a share, in 2008 and spent $19.2 billion of its cash reserves. Mr. Wagoner met with President Obama’s auto task force, and the company said that it could not survive much longer without additional government loans. chinook wine glasses
Reason.tv: How Did GM Pay Back Its Bailout So Fast? Well, It …
WebJun 10, 2013 · GM and Chrysler have paid off their outstanding financial obligations, but bailout bashers still complain about the potential loss taxpayers’ face when the government sells off the remaining... WebMar 23, 2013 · 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... WebNov 13, 2024 · About 20 percent of the total TARP funds — $80 billion — went to bail out General Motors and Chrysler. As described in an account of the crisis, “Detroit Back From the Brink,” by Chicago Fed... chinook with flare