It went bankrupt to reorganize not to shut down. Chapter 11 not Chapter 7 and not all with degrees employ people. Most don't.No. Students don't employ anyone. If GM went bankrupt it would have cost the Gov't a lot more.GM could have paid more. The Gov't didn't structure the repayment correctly.They repaid their TARP loan. Show me otherwise.There were bailouts. Not the same as forgiveness. Be specific. What are you referring to here? GM repaid their TARP loan. Where is the forgiveness? You made the statement, you provide the proof.GM got their loans forgiven? Link that please.Most of these people hoping for loan forgiveness must regret spending so much for school.
Did GM regret being an auto manufacturer when they got their loans forgiven?
OMG, educate yourself. This has been covered so many times....................it really gets old.
Educate yourself. I suspect you already know though.
You are already aware of the loss. Why do you do this?
General Motors Bailout Cost Taxpayers $11.2 Billion.
In the five years since GM's bankruptcy it made $22.6 billion. But taxpayers lost $10.6 billion on bailout that saved the company.
In five years since bankruptcy GM made $22.6 billion while taxpayers lost $10.6 billion on bailout that saved the company.money.cnn.com
Maybe you should educate yourself. GM is still around and paying taxes and employing workers. The Gov't gave them a sweetheart deal. Not GM's fault.
Students will get a sweetheart deal.
Of course those with degree's employ people. And for the record, GM did go bankrupt.