GM CEO: Repayment of Bailout Could Take Years

[chefdennis]

So which is it!?!? I guess that talk of the payback a few months ago was nothing more then BS from barry and his GM/UAW minions.....

GM CEO: Repayment of Bailout Could Take Years

Thursday, 16 Sep 2010 10:18 AM
GM CEO: Repayment of Bailout Could Take Years

It will take a couple of years for taxpayers to get back the billions they spent bailing out General Motors, but the company has a goal of returning the money, GM's new CEO said Thursday.

CEO Daniel Akerson told reporters that that the government won't be repaid with the company's initial public stock offering, which could happen later this year, but couldn't answer more specific questions about the sale.

Remember this!?!?

General Motors Paid Back Bailout Loans in Full

by Flexo
April 21, 2010
General Motors Paid Back Bailout Loans in Full

Earlier today, General Motors announced that the company paid $4.7 billion to the U.S. government and $1.1 billion to the Canadian government, fulfilling its obligation agreed to when it received its initial bailout funds. In total, GM received $52 billion from the U.S. government,

Most knew that this was BS, but we were told by those here that support GM and the UAW, "nope they paid it back".....I ask the new CEO is wrong huh....

 

[Dakota]

Yeah, very confusing, first it's paid of, now it will take years to pay off.
Everyone go out and buy the "Volt" what a joke!!!

 

[greg334]

The loan that was paid in the spring was the first loan and there was a stipulation that if it was paid back by July, there would be no interest paid.

This latest thing is to setup the scene for a loan forgiveness, pretty much a scam. They will start complaining that the money that is owed should not be counted as part of the IPO while they are screaming how successful they are. The government may not even get a dime off the IPOs but may agree to fold the money back into some green project.

 

[chefdennis]

The 1st payback was paid with another loan, so there was really no payback at all..and yes you are right , this is nothing more then a setup to forgive the total bailout ans further screw those that pay the taxes as they feel they are compelled to...

 

[layoutshooter]

Barry and Co. don't really want it paid back. They own them then. They can have complete control of them. That is ALWAYS been the goal of the left. Much easier to destroy our ability to build tanks etc. No industry, no military, no power.