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      07-15-2012, 10:10 PM   #26
lkw15
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Quote:
Originally Posted by ScotchAndCigar View Post
We loaned them the money, they've paid it back. And what "sea" is between the US, Mexico and Canada?
Technically they haven't paid the U.S. government back fully. We still own about 26% of the company, which was funded with taxpayer dollars. If the government sells it stake in the company and makes back $43 billion, then we'll be whole again.

I'm not questioning whether or not the bailout was necessary / successful / right or wrong, but they have not fully paid back the government.

With that being said, GM's performance has been impressive and clearly they couldn't survive with restructuring, getting leaner and renegotiating with the labor unions.