Some R posted this in a thread on my FB page. Can anyone tell me

[Maraya1969]

if there is any faulty logic to it. It is from Fox news and basically says that since part of GM paybacks were in stocks the fact that their stocks have gone down, (from $31 in August 2011 to $21 now) means that GM still owes the tax payers 25 million dollars.

http://video.foxbusiness.com/v/1785300241001/auto-bailouts-just-got-costlier/

[RandiFan1290]

1. 25 million! That is some serious money

http://www.guardian.co.uk/world/2007/feb/08/usa.iraq1


How the US sent $12bn in cash to Iraq. And watched it vanish

Special flights brought in tonnes of banknotes which disappeared into the war zone.

The US flew nearly $12bn in shrink-wrapped $100 bills into Iraq, then distributed the cash with no proper control over who was receiving it and how it was being spent.

The staggering scale of the biggest transfer of cash in the history of the Federal Reserve has been graphically laid bare by a US congressional committee.

In the year after the invasion of Iraq in 2003 nearly 281 million notes, weighing 363 tonnes, were sent from New York to Baghdad for disbursement to Iraqi ministries and US contractors. Using C-130 planes, the deliveries took place once or twice a month with the biggest of $2,401,600,000 on June 22 2004, six days before the handover.

[Coexist]

2. Here you go:

http://www.forbes.com/sites/joannmuller/2012/08/29/automakers-report-card-who-still-owes-taxpayers-money-the-answer-might-surprise-you/


GM: repaid $23.1 billion of the $49.5 billion it got from the U.S. Treasury, including all of its outstanding loans. But Treasury still owns 500 million shares, or 32%, of GM stock. To recoup its full investment, GM stock needs to hit $52.80 per share. It’s currently trading around $21. GM also received a $106 million matching grant to build a battery factory in Brownstown, MI, where it is assembling battery packs for the Chevrolet Volt plug-in car using cells imported from Korea.

[EC]

3. No.

The stocks were collateral not the pay back. We were paid back in cash with interest.

Sorry, I was thinking Chrysler.

[michreject]

4. They are wrong

GM owes about 27 Billion, with a "B", not million with an "M".