Archive for May 2nd, 2010

General Motors Masters Pre-School Accounting

May 2, 2010
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GM received $50 billion in TARP funds. About $7 billion of that came in the form of a low-interest loan. And about $13 billion came in the form of an escrow account. So how has GM, which lost $38 billion in 2007 even as it sold 9.4 million cars, paid back its debt? It...
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