gr8fuldaniel: Gas in the tank: GM repays $8.1B in gov't loans - Yahoo! News

gr8fuldaniel

Rantings, Musings, Observations, Political Protest, My findings in a quest for truth posted here, open to all. Comments have been disabled due to spam bombers. Pray4Peace.

******************

Saturday, April 24, 2010

Gas in the tank: GM repays $8.1B in gov't loans - Yahoo! News

Gas in the tank: GM repays $8.1B in gov't loans - Yahoo! News: "GM received $52 billion from the U.S. government and $9.5 billion from the Canadian and Ontario governments starting in 2008. At first the entire amount of U.S. aid was considered a loan as the government tried to keep GM from going under and pulling the fragile economy into a depression.
But during bankruptcy, the U.S. government reduced the loan portion to $6.7 billion and converted the rest to company stock."

BLOGGER NOTE:
OK, heres the problem with that:
If the US Gov has controlling interest (61%) in GM, why were so many BILLIONS sent to South American GM factories to build FOREIGN economies? We dont need middle class factory jobs in the USA?!???!??

Search:
Keywords: