I keep a close eye on the Russo-Ukraine War. I’m a propaganda and writing/literature enthusiast.

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Cake day: June 10th, 2023

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  • joobeejoo47@kbin.socialtomemes@lemmy.worldGovernment money
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    11 months ago

    To be fair, government bailouts are not just free money the government gives large corporations with no attached expectations. When the government bailed out GM, for example, the treasury gave GM $52 billion. $6.7 billion was considered a loan (with interest) which GM has since paid back. The rest was an investment resulting in a 32% ownership of GM by the US Treasury.