Quote:
Originally Posted by BigAls87Z28
They gave back money that was loaned to them
|
Not exactly. They took tax payer dollars and in return traded it for a virtual percentage of the company, not cash. They took actual money and in return traded paper that is currently worth nothing. And if GM ever goes public, is the gov going to turn around and hand out those stocks to the tax payers that paid for it? Nope. GM got free money at all of our expenses. And when the head of the Senate Oversight Committee for the TARP program goes on TV and says that GM is full of ****, I'm kind of inclined to believe her over some GM kool-aid propaganda. I also take it as a personal insult that GM went on TV with those commercials saying they paid everything back with interest with a big smile and a cheap suit, meanwhile they're laughing all the way to the bank.