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How Much GM Truly Stole From American Taxpayers

Discussion in 'Off Topic Threads' started by Husky44, May 19, 2013.

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  1. Husky44

    Husky44 Active Member

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    How Much GM Truly Stole From American Taxpayers

    Most people don't realize how much GM actually took from taxpayers, and how little it's given back.

    If I told you GM has repaid only $6.7 billion out of the $49.5 billion in loans it was given, would you be surprised?

    If I told you the expected loss to the U.S. Treasury of roughly $12 billion isn't even a fraction of the real cost, would you believe me? If not, you might be in for a nasty surprise.

    http://www.fool.com/investing/general/2013/05/19/how-much-gm-truly-stole-from-american-taxpayers.aspx
     
  2. shannon391

    shannon391 Active Member

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    They did not steal it, our president elect gave it to them!

    He is the king of socialism.
     
  3. BAD 303

    BAD 303 Active Member

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    And the un-informed still buy their products. Every corporation sees these type deals and knows they too will survive and flourish no matter how poorly they run their companies. Peoples memories are way too short.
     
  4. Beretta687EELL

    Beretta687EELL Well-Known Member

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    Peanuts compared to the $9 trillion the banks are getting / have gotten. They don't have to pay anything back. Bill Malcolm
     
  5. Setterman

    Setterman Well-Known Member

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    Devide that from 890,000 union employees....Oh my, their retirement fund is whole!

    Bill, The banks.... a payback for making them file those loser loans through Fanny Mea and Freddie Mac. Remember Janet Reno?

    What goes around, comes around,.....Re-election funds.
     
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