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Taxpayers Still Owed 25 Billion from the GM Bailout

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Despite the U.S. auto sector's resurgence, taxpayers are still owed $25 billion from GM and its former financing firm, the Washington Post reported today. The Treasury Department owns 500 million shares of GM, but the firm’s share price of $22.45 is half what it must be for taxpayers to be repaid. Ally Financial, formerly GM's financing arm, also owes about $12 billion to taxpayers. Chrysler, on the other hand, has repaid its loans in full.