Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
GM owes us nothing unless and until they ask to buy back the shares of stock the government owns. They paid back the loan. The remainder is "investment."
You and HistorianDude are talking past each other at this point. I think what you want is to be able to say that we have literally our cash back, while HistorianDude is saying that based on standard accounting principles, we currently have a profit; and if we sold today we would realize that profit.
The world realize is a term of art in accounting and tax law.
We are still out $33 billion dollars.
No, standard account practices do not allow for calculating unrealized stock appreciation or losses into EPS.
Last edited by shorebaby; 02-14-2011 at 02:09 PM..
"The company needed a $49.5 billion government bailout to survive a mid-2009 bankruptcy filing, and the government still owns 25 percent of GM's stock. Chrysler, which needed a $12.5 billion bailout, plans to pay bonuses as well. The government owns about 9 percent of Chrysler stock."
Last edited by tonythetuna; 02-14-2011 at 02:30 PM..
"Six financial institutions have repaid the Treasury Department for funds borrowed under the Troubled Asset Relief Program (TARP), the Treasury announced Wednesday.
The government made $13.7 million in profits on dividends from each of the investments, which totaled $2.7 billion."
"Six financial institutions have repaid the Treasury Department for funds borrowed under the Troubled Asset Relief Program (TARP), the Treasury announced Wednesday.
The government made $13.7 million in profits on dividends from each of the investments, which totaled $2.7 billion."
Those that didn't pay back shouldn't get bonuses.
Are you claiming that you never complained about Obama forcing bailed out companies from giving bonuses to the top executives? You would never do that, right? In fact, you were agreeing with the President when he spoke against executive bonuses?
Are you claiming that you never complained about Obama forcing bailed out companies from giving bonuses to the top executives? You would never do that, right?
Nope, I complained about him forcing them (Goldman, JPM, Morgan Stanley) to accept bailout funds so as not to stigmatize Citi et al.
Doesn't matter, TARP has been paid back. We are $33 billion in the hole to support the UAW.
Last edited by tonythetuna; 02-14-2011 at 03:25 PM..
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
