Nope. GM was a big loser. And not part of bank TARP.
We were told they were not a loser.
Obama says automakers have paid back all the loans it got from his admin 'and more'
Did you read your own link?
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LOL!
Yes, they rule the idea that he was trying to be cute with his statement and it wasn't true.
Bank TARP made tens of billions in profit. QE made hundreds of billions in profit.
Auto TARP lost money.
The banks were gave billions with TARP. They were then gave billions more with the program that was supposed to help people upside down on their mortgages.
It helped almost no one but the banks used that money to "pay back" their TARP loans.
So the taxpayers paid back the loans. We lost billions on the deal.
The banks were gave billions with TARP.
The banks were not GIVEN billions, it was lent.
They were then gave billions more with the program that was supposed to help people upside down on their mortgages.
Yes, you can see the billions spent on HARP in the ProPublica link I posted.
It helped almost no one but the banks used that money to "pay back" their TARP loans.
You're wrong.
So the taxpayers paid back the loans. We lost billions on the deal.
Wrong.