Didn't GM already pay back all or the majority of the bailout money? Not that the tax payers will benefit either way. I can't help but to think that the deluge of problems with Toyota helped GM. Part of me felt like it was wrong and that the free market should dictate who does and doesn't stay in business. However what is called a free market is anything but and therefor, considering the ripple effect that any of those car companies going belly up would have had on the economy and the devastation to people's lives, I guess I'm ok with that aspect of the bail out.
No the payback story was a baloney story GM floated before their IPO after the reorganization. Most of the taxpayer bailout money is in equity in the company.
