Comment by pfannkuchen
11 hours ago
Did it turn a real profit or a nominal profit, I wonder? I remember hearing a brrrr sound around that time.
11 hours ago
Did it turn a real profit or a nominal profit, I wonder? I remember hearing a brrrr sound around that time.
I was wrong. The $80B TARP program lost quite a bit of money on GM. The program overall lost $9B while saving millions of jobs and stabilizing the economy.
But it still took a share in companies that participated in TARP which is why some payed back the loan instead of letting it convert into ownership shares if I recall correctly.