Bruce Nunnally Posted April 21, 2010 Report Share Posted April 21, 2010 Today, General Motors is announcing that it has made a payment of $5.8 billion to the U.S. Treasury and Export Development Canada. We're paying back—in full, with interest, years ahead of schedule—loans made to help fund the new GM. Our ability to pay back these loans less than a year after emerging from bankruptcy is a sign that our plan for building a new GM is working. It is also an important step toward eventually reducing the amount of equity the governments of the U.S., Canada and Ontario hold in our company. Combined, these governments hold a majority of GM's equity, and we want citizens to know how their governments' money is being put to work. Read more: http://online.wsj.com/article/SB10001424052702303491304575188473069446344.html?mod=WSJ_Opinion_LEFTTopOpinion Bruce 2023 Cadillac CT4-V Blackwing Follow me on: Twitter Instagram Youtube Link to comment Share on other sites More sharing options...
Texas Jim Posted April 21, 2010 Report Share Posted April 21, 2010 Now..buy back the stock that the Govt took... and tell em (the govt) to go away. Link to comment Share on other sites More sharing options...
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