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Not intended to make a statement opposing the bailout and the positive results for the domestic industry and workers, but critical of how the deal was structured allowing GM to return to profitability and now be sitting on over $26B in cash while the taxpayer ends up with a $ 10.5B loss .
I'm pretty sure when Chrysler needed gov assistance to survive decades ago it was a loan which was 100% repaid.
If I were loaning someone money I'd structure it so I get my money back plus some form of return - I wouldn't lend someone say $1000 and say ok - just pay me back $700.
The bailout could have been structure differently with provisions for full repayment of invested money.
And not GMs fault as far as this deal goes - they got a real sweetheart of a deal - despite mismanaging their business.
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