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United States News
See other United States News Articles Title: Hey dumbasses who think GM has repaid its loans -- US and Canadian Governments still own 73% of the company
Source:
hortonhearsanews.
URL Source: http://hortonhearsanews.blogspot.co ... off-some-debt-to-uscanada.html
Published: Apr 21, 2010
Author: hortonhearsanews.
Post Date: 2010-04-21 12:38:18 by no gnu taxes
Keywords: None
Views: 945
Comments: 2
GM still owes $45.3 billion to the U.S. and $8.1 billion to Canada, money it received in exchange for large stakes in the company. The unfortunate reality is that the U.S. government still owns 61 percent of the company and Canada owns roughly 12 percent. The company may appear to be doing well, but with so much taxpayer money funding the company, can any financial analyst really know for sure?
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