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Thread: GM contributions....

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  1. #1
    Join Date
    Dec 2007
    Location
    College Station, TX
    Posts
    1,464

    GM contributions....

    http://www.washingtonpost.com/wp-dyn...407086_pf.html


    I thought GM paid off its debt to the public....?

  2. #2
    Join Date
    Sep 2007
    Location
    H-Town
    Posts
    212
    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.
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