A recent government report stated that taxpayers are not likely to receive full payment for the loan made to GM. Mr. Whitacre, General Motor’s Chairman, says that General Motors has every intention of repaying the taxpayers $6.7 billion. This excludes nearly a billion dollars that was lent to the old GM that remains in bankruptcy. The remaining $50 billion that was borrowed was given in the form of stock which the U.S. Government hopes to get back from public stock offerings.<\/p>\n","protected":false},"excerpt":{"rendered":"
A recent government report stated that taxpayers are not likely to receive full payment for the loan made to GM. Mr. Whitacre, General Motor’s Chairman, says that General Motors has every intention of repaying the taxpayers $6.7 billion. This excludes nearly a billion dollars that was lent to the old GM that remains in bankruptcy.… Continue reading