GM pays back 8.1 billion in loans

The problem isn't the bailouts, it's the runaway printing that the fed and the government are working together on.
 
Of course none of it will go to the debt. That's why higher taxes won't solve anything.

P.S. What they paid back was only a tiny fraction of what they owe... GM got $52 billion from the U.S. and $9.5 billion from Canada.
Quote from peilthetraveler:

GM paid back 6.7 billion to the USA and 1.4 to Canada.

How much do you want to be that we dont see the deficit get paid off by 6.7 billion though? Just like all those other companies that supposedly paid off their loans. Why isnt the deficit going down if they are being paid(with interest!)?

http://finance.yahoo.com/news/GM-pa...tml?x=0&sec=topStories&pos=main&asset=&ccode=
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Quote from Trader666:

Of course none of it will go to the debt. That's why higher taxes won't solve anything.

P.S. What they paid back was only a tiny fraction of what they owe... GM got $52 billion from the U.S. and $9.5 billion from Canada.
More...

Yes, but like I said...there are many other companies that have paid back debt. How much has been repaid? 200 billion? I didnt see the deficit go down $200 billion yet. I only see it going up.
 
I don't recall in the announcement how they first wiped out stockholders equity, and secondly treated the bond holders the same. I have never purchased GM, and I will not start now.
 
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