Why GM Still Owes Taxpayers Billions
As part of its high-speed trip through bankruptcy in 2009, General Motors got a series of loans from the U.S. government -- $49.5 billion worth. GM has since paid the loans back with a mix of cash and stock, as agreed.
But here's the problem: The U.S. Treasury still doesn't have its money back, and as Fool contributor John Rosevear explains in this video, the feds probably don't have enough GM stock left to make things whole. So is that a problem for GM? Check out this video for all of the details, and then scroll down to leave a comment and let us know your thoughts.
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The article Why GM Still Owes Taxpayers Billions originally appeared on Fool.com.Fool contributor John Rosevear owns shares of General Motors. Follow him on Twitter at @jrosevear. The Motley Fool recommends General Motors. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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