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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: longnshort who wrote (29550)	4/21/2010 1:25:49 PM
From: Kenneth E. Phillipps	1 Recommendation Read Replies (2) \| Respond to of 103300

GM pays off its bailout loans money.cnn.com

To: longnshort who wrote (29550)	4/21/2010 7:51:51 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 103300

The balance of the loan is now paid off. However the US remains the owner of 61% of the equity --- which will need to be sold off over in chunks over the next year or two (as prices come back, to give taxpayers a good return) until the company is completely privately held once again. Right now though (after shedding massive amounts of debt and onerous contracts, pension and health care obligations, etc.) GM's financial posture is probably stronger then it has been in decades.