http://www.washingtonpost.com/wp-dyn...407086_pf.html
I thought GM paid off its debt to the public....?
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http://www.washingtonpost.com/wp-dyn...407086_pf.html
I thought GM paid off its debt to the public....?
They paid their debt off, but along with the debt the US and Candian government got an equity stake for the other $40-$50 billion of tax payer dollars they put in. That has not been repaid. The only way to recoup that is for GM to go public once again which would then allow Obama to sell his shares.