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GM CEO says government loans have been repaid
AP ^
| Apr 21 2010
| TOM KRISHER
Posted on 04/21/2010 8:39:27 AM PDT by worst-case scenario
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Well, now we own $8.1 billion less of GM. Only $44 billion to go.
To: worst-case scenario
If the bank gave me $52 and i paid back $8, why could anyone say I repaid the loan?
2
posted on
04/21/2010 8:42:39 AM PDT
by
silverleaf
(Karl Marx was NOT one of America's Founding Fathers)
To: worst-case scenario
"GM got a total of $52 billion from the U.S. government"
"The U.S. considered as a loan $6.7 billion of the aid,"
Sickening!!! They have not paid back jack-squat!!! They have effectively stolen from the taxpayer.
3
posted on
04/21/2010 8:43:09 AM PDT
by
avacado
To: worst-case scenario
I was surprised to read that Canada also gave money to GM.
4
posted on
04/21/2010 8:43:52 AM PDT
by
Unassuaged
(I have shocking data relevant to the conversation!)
To: worst-case scenario
Translation: The crooked United Auto Workers just stole $44,000,000,000 from your children.
5
posted on
04/21/2010 8:44:13 AM PDT
by
FormerACLUmember
(If you don't send money to Conservative/Libertarian candidates, Obama will just steal it.)
To: worst-case scenario
LOL, the USofA is one big ponzie scheme.
6
posted on
04/21/2010 8:44:25 AM PDT
by
jwalsh07
To: worst-case scenario
Why do we refer to it as GM, its true name is UAW. How about some honesty in advertising at least?
To: worst-case scenario
I'm sure the holders of worthless GM stock are relieved to hear this.
8
posted on
04/21/2010 8:45:46 AM PDT
by
Huskrrrr
To: worst-case scenario
Yeah...well...NOW they owe ME!
9
posted on
04/21/2010 8:45:49 AM PDT
by
goodnesswins
(The PLANTATION Party is at it again (the DEMS) ....trying to make slaves of everyone)
To: worst-case scenario
Does that also include the GMAC bailout, the bad GMAC backed mortgages assumed
by taxpayers, cash for clunkers and unfunded UAW pension liabilities?
OR is this story another example of worthless government propaganda?
10
posted on
04/21/2010 8:49:47 AM PDT
by
Zakeet
(Will Rogers never met the Wee Wee)
To: worst-case scenario
Does the $44 billion include the pension obligations they pawned-off on the PBGC?
11
posted on
04/21/2010 8:50:39 AM PDT
by
DuncanWaring
(The Lord uses the good ones; the bad ones use the Lord.)
To: worst-case scenario; Bokababe; ding_dong_daddy_from_dumas; stephenjohnbanker; DoughtyOne; ...
RE :"
General Motors Co.'s CEO said Tuesday that the automaker has repaid the $8.1 billion in loans it received from the U.S. and Canadian governments, a sign that a plan to rebuild the company is working. GM got a total of $52 billion from the U.S. government and $9.5 billion from the Canadian and Ontario governments as it went through bankruptcy protection last year. The U.S. considered as a loan $6.7 billion of the aid, while the Canadian governments held $1.4 billion in loans" I saw this on MSNBC and knew it had to be crap, thanks for the post. It got 52B from US and paid back 6.7B (debt cleared) and MSNBC (Ed Schulz) is bragging about a success story for the US taxpayers. He has been lying more and more to viewers on his show as things fall apart.
12
posted on
04/21/2010 8:53:36 AM PDT
by
sickoflibs
( "It's not the taxes, the redistribution is the federal spending=taxes delayed")
To: worst-case scenario
Yeah.
Where is the remaining $44 Billion at 0bama?
To: worst-case scenario
"GM got a total of $52 billion from the U.S. government and $9.5 billion from the Canadian and Ontario governments as it went through bankruptcy protection last year. The U.S. considered as a loan $6.7 billion of the aid, while the Canadian governments held $1.4 billion in loans."Am I understanding this correctly? The U.S. (us) gave them $52 billion, but we only considered $6.7 as a LOAN, and the rest of the $52 billion was a gift?
14
posted on
04/21/2010 8:55:30 AM PDT
by
Spunky
(You are free to make choices, but not free from the consequences)
To: sickoflibs
“I saw this on MSNBC and knew it had to be crap, thanks for the post. It got 52B from US and paid back 6.7B (debt cleared) and MSNBC (Ed Schulz) is bragging about a success story for the US taxpayers. He has been lying more and more to viewers on his show as things fall apart. “
When you watch MSNBC you have to pay the piper ;-)
15
posted on
04/21/2010 8:55:38 AM PDT
by
stephenjohnbanker
(Support our troops....and vote out the RINOS!)
To: avacado; All
“”GM got a total of $52 billion from the U.S. government”
“The U.S. considered as a loan $6.7 billion of the aid,””
So GM paid back the INTEREST. What about the 52 billion PRINCIPAL ????
16
posted on
04/21/2010 8:58:10 AM PDT
by
stephenjohnbanker
(Support our troops....and vote out the RINOS!)
To: Zakeet
To: silverleaf
If the bank gave me $52 and i paid back $8, why could anyone say I repaid the loan?Well, if the loan officer was a crook, he could say you repaid the loan if you slip him some of the $52 the bank gave you.
18
posted on
04/21/2010 8:59:52 AM PDT
by
tacticalogic
("Oh bother!" said Pooh, as he chambered his last round.)
To: Spunky
"Am I understanding this correctly? The U.S. (us) gave them $52 billion, but we only considered $6.7 as a LOAN, and the rest of the $52 billion was a gift? " Yep, you got it correct. Except they don't like to call it a 'gift' they call it 'aid.'
19
posted on
04/21/2010 9:00:24 AM PDT
by
avacado
To: worst-case scenario
GM got a total of $52 billion from the U.S. government and $9.5 billion from the Canadian and Ontario governments as it went through bankruptcy protection last year. The U.S. considered as a loan $6.7 billion of the aid, while the Canadian governments held $1.4 billion in loans.
Laughable.
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