Jan 22, 2015 ... Back in 2012, we looked at Obama's campaign claim that GM and Chrysler "repaid their loans." We said it was Half True, partially because the government still owned stock in both automakers and it was too soon to say if taxpayers would recoup their investment. But it's two years later, and the Treasury has ...
May 3, 2010 ... Grassely (R) claims that GM is using other bailout funds in order to pay off the aforementioned bailout funds and their claim is simply an accounting trick. FULL ANSWER. Many readers have asked us about the White House-touted news that General Motors, and Chrysler, repaid loan money from the ...
Oct 3, 2017 ... In effect, the government nationalized GM and Chrysler just as it did Fannie Mae, Freddie Mac and AIG. Here's the TARP funds bailout breakdown. It shows what the government invested. It then shows what it sold the shares for, including what it received in its debt repayment. It then calculates the ...
Apr 23, 2010 ... General Motors announced this week that it repaid its multibillion-dollar taxpayer-backed TARP loans. GM even bragged that it was able to “repay the taxpayers in full, with interest, ahead of schedule, because more customers are buying [GM] vehicles.” There was great fanfare, including expensive, ...
General Motors is expanding production and adding jobs, while Chrysler recently repaid its outstanding loans to the U.S. Treasury - six years ahead of schedule. Since GM and Chrysler emerged from bankruptcy, the auto industry has created 115,000 jobs, its strongest period of job growth since the late 1990s. GM, Ford ...
(GM and Chrysler) repaid their loans.