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| Taxpayers gave GM alone 50 billion... so I'd say highly unlikely it was all paid off considering that's about what the company's worth now. GM would say it paid off the loans but yes in reality most of the bailout was stock purchases. In all taxpayer lost about 10 billion on the "investment". But supposedly the US government claims a gain on all of the TARP bailouts including the banks and insurance companies.
https://www.caranddriver.com/news/a15359014/the-final-tally-it-cost-...
The government really has the hands on the levers of everything. If you took away subsidized federal crop insurance, ethanol blending mandates, biofuel incentives, ad hoc payment programs our industry would look one heck of a lot different too. | |
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Intel
