GM Gets Closer to Paying Back Taxpayers

General Motors (NYSE: GM  ) is a healthy, profitable automaker, thanks to the U.S. government. The feds gave GM a $49.5 billion loan back in 2009, part of the company's high-speed restructuring -- a move that was unpopular in some quarters, but probably saved the U.S. auto industry.

GM has since paid that loan back with a mix of cash and stock. Last week, the Treasury Department sold off a big block of its holdings with GM's help. In this video, Fool.com contributor John Rosevear looks at this latest stock sale -- and at the progress of the government's ongoing effort to recoup its "investment" in GM.

Few companies spark such strong feelings as General Motors, and ignoring those emotions to make good investing decisions is hard. The Fool's premium GM research service can give you a better understanding of the real risks facing General Motors -- and the opportunities available for investors. Just click here to get started now.


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  • Report this Comment On June 12, 2013, at 9:14 PM, bugmenot wrote:

    So they didn't use another loan to pay off another loan this time? That $10 billion+ debt from the tax payer is going to be paid off in full?

    What a joke GM.

  • Report this Comment On June 12, 2013, at 10:33 PM, mzllrc wrote:

    If the government investing in failed companies and losing 50 percent of the investment is a good idea, then the government should give free money to all failed companies. If it's good for one then it's good for all I mean I am just saying.

  • Report this Comment On June 12, 2013, at 11:58 PM, AmericanFirst wrote:

    John,

    I'm sorry, but there was not a normal "bankruptcy court" judgement. The bankruptcy court was Obama and his cronies "Obamaruptcy" which determined the disribution of the $50B taxpayer bailout to their the GM/UAW bed fellows, while fleecing bondholders / creditors of approx. $30B and future interest payments. The bondholders were taxpayers too. Obamaruptcy subordinated the bondholders claims to the UAW, which was not a creditor,

  • Report this Comment On June 13, 2013, at 8:38 AM, COMIFordguy wrote:

    I guess we all forget the total cost of GM's bailout. Profitable for how long now and still haven't paid a penny in Tax.

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