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I agree, it's not true. Well, it's a half truth:
"GM got a total of $52 billion from the U.S. government and $9.5 billion from the Canadian and Ontario governments as it went through bankruptcy protection last year. The U.S. considered as a loan $6.7 billion of the aid, while the Canadian governments held $1.4 billion in loans."
Yeah, 6.7 billion is the US loan part, the rest is the "we own your company" part.
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