Quote:
Originally Posted by fielderLS3
The government put in $49.5 billion, and got out $15.8 billion so far. $49.5B-$15.8B=$33.7B left to go.
|
Only part of the $50 billion GM received was in the form of a loan and they have paid that portion off. In return for the balance you mention, the government received $2 billion in preferred stock and 61% of the company's privately held common shares (that has since been reduced to something like 35%). The US Treasury (tax payers) is made whole (or as close as they will be) as GM continues to perform well and their position is sold off.