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Did you know that most of the bank bailout money and corporate bailout money has been paid back with interest?

Yet, our government did not pay of the debts they owe with it? Do the research. Listen.

Answer Question
 
Anonymous

Asked by Anonymous at 2:47 PM on Apr. 21, 2010 in Politics & Current Events

Answers (10)
  • And this surprises you?
    29again

    Answer by 29again at 3:25 PM on Apr. 21, 2010

  • I just read that GM paid back 8 BILLION...They STILL dont have the $$ to start paying down the debt

    sweet-a-kins

    Answer by sweet-a-kins at 3:46 PM on Apr. 21, 2010

  • Of course they aren't paying back the debt. Instead they are looking for ways to spend the "windfall."
    yourspecialkid

    Answer by yourspecialkid at 3:54 PM on Apr. 21, 2010

  • General Motors will announce Wednesday that it's repaying the remaining $5.8 billion in loans from the U.S. and Canadian governments, something the automaker has been promising for months.


     The $4.7 billion check going to the U.S. Treasury and the $1.1 billion check going to the Canadian governments comes directly out of an escrow fund the two governments set up for the automaker when it was coming out of bankruptcy. The automaker was required to pay back that money by June.


    And repaying the loans doesn't mean the automaker is free from government ownership: The U.S. still has a 60.1% stake in GM.

    grlygrlz2

    Answer by grlygrlz2 at 4:15 PM on Apr. 21, 2010

  • The automaker still owers $45.3 billion to the U.S. government and $8.1 billion to Canada.
    grlygrlz2

    Answer by grlygrlz2 at 4:17 PM on Apr. 21, 2010

  • Some of the banks were forced to take the tarp money although they didn't need it. They invested it, made a profit then paid the money back
    sopranomommy

    Answer by sopranomommy at 6:00 PM on Apr. 21, 2010

  • So no matter what GM does they will still be mostly owned by the government? The money that hass been paid back has went where?
    Anonymous

    Answer by Anonymous at 6:15 PM on Apr. 21, 2010

  • Some of the banks were forced to take the tarp money although they didn't need it. They invested it, made a profit then paid the money back


    no one was forced to take it

    Anonymous

    Answer by Anonymous at 6:48 PM on Apr. 21, 2010

  • I did'nt even get a new toaster out of it. What can I say?
    GMMOLLY

    Answer by GMMOLLY at 6:50 PM on Apr. 21, 2010

  • no one was forced to take it


     You are wrong. Research it. I don't expect a question mark to be able to be smart enough to understand... But why don't you try.

    grlygrlz2

    Answer by grlygrlz2 at 9:16 PM on Apr. 21, 2010

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