your asuming QANTAS will need a bailout
I dont think that will be the case nor do I thyink it would play out like your thinking if it did happen. GM was given billions in tax payer dollars that went off shore with no strings attached
I would fully expect teh government to do something similar here wit QANTAS if they got into trouble.
YOu are wrong, GM paid back most and is still paying back its bail out.
A breakdown of GM's repayment to date
Of that $49.5 billion that was lent to GM, the U.S. Treasury has so far recovered about $35.4 billion. Here's how it breaks down:
- GM paid back $6.7 billion in cash, the last of which was paid in April 2010. That was when then-CEO Ed Whitacre declared in TV ads that GM's debt had been "paid in full." (I bet he wishes now that he hadn't said that.)
- $13 billion via GM's IPO, back in 2010. GM didn't actually get any money from its own IPO – it was done primarily in order to let the government sell off part of its holdings. The Treasury Department sold about 45% of its total GM stock holdings in the IPO.
- The U.S. received another $2.1 billion when GM bought back some preferred stock from the Treasury in late 2010.
- The U.S. got another $5.5 billion when GM bought back 200 million shares of its stock from the Treasury last December. At the time, GM and the Treasury agreed that Treasury would sell its remaining holdings gradually, on the open market.
- Treasury has received about $8.1 billion from its sales of GM stock on the open market since the beginning of 2013.
Some never pay back for sure.... but they are bankrupt and no longer in business
If it was FREE why did Ford say NO thank you
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