WebJan 19, 2024 · Before 2008, Ally was GMAC, the finance arm of GM. In December 2008, it became certified as a bank holding company, a step that made it eligible for the government bailout. FCA US repaid its loans in June 2011. Treasury recovered a total of $19.57 billion from sales of Ally stock, a $2.4 billion profit. Before 2008, Ally was GMAC, the finance ... WebJan 7, 2015 · All told, the Treasury Department reported that the program cost taxpayers $79.7 billion, of which $70.4 billion was recovered. Under that estimate, the program lost …
GM and the Obama Administration Took Taxpayers for a Ride - US …
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... WebApr 22, 2010 · If you own a GM vehicle and they have your email address, you’ve gotten a nice email in the past few days that they paid back their bailout loan from the federal government. A lie. Well, technically true, but a lie. Turns out they took money out of one pocket and put it into the other. More precisely, GM took TARP money to pay off the auto ... raw disk to iso
GM made $22.6 billion. We lost $10.6 billion
WebApr 22, 2010 · Earlier today, General Motors announced that the company paid $4.7 billion to the U.S. government and $1.1 billion to the Canadian government, fulfilling its obligation agreed to when it received its initial bailout funds. In total, GM received $52 billion from the U.S. government, but only $6.7 billion of this amount was considered a loan. The ... WebAnd GM had to pay back that loan with interest. And they did do so. Edit: Or maybe not, I think I was thinking of the bank bailouts. ... the only winners of the GM bailout was the UAW. The shareholders lost everything and the bondholders lost a hefty amount. Treasury lost too. In the bank bailout, there was no losers with the big winner being ... WebApr 27, 2010 · Shikha Dalmia. April 27, 2010. GM CEO Ed Whitacre announced in a Wall Street Journal column last Wednesday that his company has paid back its government bailout loan “in full, with interest, years ahead of schedule.”. He is even running TV ads on all major networks to that effect-a needless expense given that a credulous media is only … simple cooking for diabetics