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1. vlovic+(OP)[view] [source] 2025-08-23 02:36:14
The heavily criticized auto bailout was precisely this way and actually turned a profit once the government sold its stake. This is different and I can’t imagine the government will ever sell its stake.
replies(1): >>pfannk+j
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2. pfannk+j[view] [source] 2025-08-23 02:38:51
>>vlovic+(OP)
Did it turn a real profit or a nominal profit, I wonder? I remember hearing a brrrr sound around that time.
replies(1): >>vlovic+V9
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3. vlovic+V9[view] [source] [discussion] 2025-08-23 04:29:42
>>pfannk+j
I was wrong. The $80B TARP program lost quite a bit of money on GM. The program overall lost $9B while saving millions of jobs and stabilizing the economy.

But it still took a share in companies that participated in TARP which is why some payed back the loan instead of letting it convert into ownership shares if I recall correctly.

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