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big-yank

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big-yank

Re: Zargis post# 350576

Tuesday, 08/23/2016 1:44:06 PM

Tuesday, August 23, 2016 1:44:06 PM

Post# of 796053
Actually, GM via warrant sales, paid back all but about $10 B of their approx. $50 B bailout. I have little respect for their failure to pay back the balance, although the government made the call to excuse the balance for some rationale I will never embrace.

I believe previous bailouts at "the New Chrysler" in the Iacocca days and the Boeing collapse involved some equity backstop, but I wouldn't bet my life on it.
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