Harper bailout loan bad debt

[Hoid]

Federal government quietly writes off loan

Trudeau government has written off over a billion dollars in loans to the auto sector, which have been past due since 2010.

Apparently they have just decided to give up on GM and Chrysler ever paying back the money and writing it off as a bad debt.

Student loans from the same period will not be written off.

 

[IdRatherBeSkiing]

Why is this Harper's fault? He didn't write off the loan.

 

[Curious Cdn]

We should have held on to our piece of GM. Can you imagine the shit storm when Trump slaps tarrifs on ALL GM products because of their Canadian government ownership!

 

[justfred99]

Federal government quietly writes off loan

Trudeau government has written off over a billion dollars in loans to the auto sector, which have been past due since 2010.

Apparently they have just decided to give up on GM and Chrysler ever paying back the money and writing it off as a bad debt.

Student loans from the same period will not be written off.

Firstly when governments get involved with loans to companies they have no clue what to do. Firstly they should either take security, by way of taking the bosses of the companies shares, in total, and then restrict the bosses from taking a bonus. Secondly, they government should only invest in the shares of the company. If insist the bosses take a hair cut to a reasonable wage and any deviation from the new wages will mean dismissal with no compensation. If they do not like that, then they are fired, or they can put their money into the company to make it viable and if they think they can be better mangers, then they will invest in the company. Make the CEO's responsible for their management and high wages and benefits (a lot of time make believe benefits).

 

[Walter]

Why is Trudeau not collecting these loans?

 

[Hoid]

he's too busy running the pipeline business

 

[Hoid]

white nationalist climate change deniers not interested in the loss of billions of tax dollars to GM and Chrysler.

Too busy complaining that the government might give Tesla some subsidies.

Because liberals are bad

oh and look!

Secret account found to give a billion dollars to oil industry to buy their 60 year old pipeline.

https://www.nationalobserver.com/20...ugh-seldom-used-canadian-account-buy-pipeline

 

[Jinentonix]

white nationalist climate change deniers not interested in the loss of billions of tax dollars to GM and Chrysler.

Kiddy diddling, FN hating advocacy science pushers make asinine comments without having a clue what was posted by others.

 

[Hoid]

I wonder where their secret climate change slush fund account is?

WOuldn't mind having the pin to that one.

Steven Harper has paid GM $550,000 for each of the 6,300 jobs in Canada.

That is now a matter of record that the white nationalist climate change deniers will never admit, address, or even mention.

It will be like racism.

btw the actual dollar figure is $3.5 billion

thats ****in near a pipeline!

 

[Jinentonix]

I wonder where their secret climate change slush fund account is?

WOuldn't mind having the pin to that one.

Steven Harper has paid GM $550,000 for each of the 6,300 jobs in Canada.

That is now a matter of record that the white nationalist climate change deniers will never admit, address, or even mention.

It will be like racism.

btw the actual dollar figure is $3.5 billion

thats ****in near a pipeline!

Funny how you neglect to mention that the Ontario Liberal govt was involved in that bail-out too, ya f*cking kiddy diddling, FN hating, advocacy science pusher.

The federal government and Ontario have reached a deal to offer proportional funds to Canada's auto industry... Industry Minister Tony Clement said Friday.

Federal government, Ontario agree on $3.3B auto bailout package | CBC News

You really are stupid.

 

[White_Unifier]

Federal government quietly writes off loan

Trudeau government has written off over a billion dollars in loans to the auto sector, which have been past due since 2010.

Apparently they have just decided to give up on GM and Chrysler ever paying back the money and writing it off as a bad debt.

Student loans from the same period will not be written off.

I disagreed with Harper on that just as I disagreed with Trudeau on bailing out Bombardier.

white nationalist climate change deniers not interested in the loss of billions of tax dollars to GM and Chrysler.

Too busy complaining that the government might give Tesla some subsidies.

Because liberals are bad

oh and look!

Secret account found to give a billion dollars to oil industry to buy their 60 year old pipeline.

https://www.nationalobserver.com/20...ugh-seldom-used-canadian-account-buy-pipeline

Your argument is convoluted. You seem to be saying that because Harper made corporate loans, Trudeau should do the same even though Harper's were a bad idea. What makes you think Trudeau's loans are any better?

 

[Twin_Moose]

There has to be more info on this because it is reported as payed back

Chrysler Pays Back Rescue Loan

DETROIT — Chrysler paid back on Tuesday $7.6 billion in loans from the American and Canadian governments, paving the way for its Italian partner, Fiat, to increase its control over the Detroit carmaker.
The repayment of loans and interest owed to the United States Treasury and Export Development Canada is a significant milestone in Chrysler’s methodical comeback from bankruptcy in 2009.
Now the company’s revival will enter a new phase that depends heavily on its alliance with Fiat, which on Tuesday increased its stake in Chrysler to 46 percent, from 30 percent.
Fiat will most likely increase its ownership to 51 percent by the end of the year. Terms of Chrysler’s federal bailout allow the Italian company to gain an additional 5 percent interest when a prototype of a new fuel-efficient compact car is ready for production in the United States.

GM repays bailout loans to U.S., Canada

As expected, General Motors has fully repaid its outstanding bailout loans to governments in the United States and Canada. General Motors cleared its books with a final payment of $5.8 billion on Tuesday night.

Of that final payment, $4.7 billion went to the United States government and the remaining $1.1 billion to Canada, after exchange rates. In all, GM received $50 billion in bailout loans for the U.S. and Canada.

GM is still on the hook for about $43 billion in taxpayer-funded loans, but much of that has been converted into equity shares. The U.S. Treasury currently owns a 60.8 percent stake in GM while the Canadian government owns an 11.7 percent share of the Detroit automaker. The remainder of GM is owned by the UAW's healthcare fund and Motors Liquidation.

GM is hopeful it will be able to offer an IPO by the end of the year. By going public, U.S. and Canadian governments would be able to greatly reduce their stakes in General Motors.

 

[Hoid]

Oh there's more alright.

there's $3.5 billion more - or less now I suppose.

I am sure the conservatives will be all over Trudeau in the Commons ....or maybe not.

They're probably fine with it

 

[Twin_Moose]

What if the report is wrong and it is not on Dodge and GM. bailout, but on parts manufacturing or something.

 

[Hoid]

what if? you tell me under what set of circumstances is it alright that $3.5 billion dollars in government loans are not repaid.

If you can deny climate change this one should be easy.

 

[Jinentonix]

Oh there's more alright.

there's $3.5 billion more - or less now I suppose.

I am sure the conservatives will be all over Trudeau in the Commons ....or maybe not.

They're probably fine with it

Still ignoring the fact the Ontario Liberals were in on the bail-out ya chicken shit dumpster fire?

what if? you tell me under what set of circumstances is it alright that $3.5 billion dollars in government loans are not repaid.

If you can deny climate change this one should be easy.

Tell me, under what set of circumstances is it all right to default on loans under a Liberal govt but not a Conservative govt? Or are you suggesting that GM paid Ontario back but skipped town on the federal Conservatives?

Moron.

 

[Twin_Moose]

what if? you tell me under what set of circumstances is it alright that $3.5 billion dollars in government loans are not repaid.

If you can deny climate change this one should be easy.

I'm not saying it is alright, but both companies in question are reported to have paid back their loans, so who is it? or is it the difference on loan to share prices? missed payments? or different companies in the auto industry that received a bailout that is being protected by this Gov.?

If the Libs could pin it on Harper do you think they would dismiss the loans quietly?

 

[DaSleeper]

what if? you tell me under what set of circumstances is it alright that $3.5 billion dollars in government loans are not repaid.

If you can deny climate change this one should be easy.

More bullshit from the "white socialist global warming chicken little"

 

[White_Unifier]

Oh there's more alright.

there's $3.5 billion more - or less now I suppose.

I am sure the conservatives will be all over Trudeau in the Commons ....or maybe not.

They're probably fine with it

Simple solution: 'You are wrong to do so just as we were wrong to do so. We learnt our lesson.'

Done.

 

[Jinentonix]

I'm not saying it is alright, but both companies in question are reported to have paid back their loans, so who is it? or is it the difference on loan to share prices? missed payments? or different companies in the auto industry that received a bailout that is being protected by this Gov.?

If the Libs could pin it on Harper do you think they would dismiss the loans quietly?

Careful now, too much logic and he'll block you as a "twit". Just like good little kiddy diddling, FN hating, advocacy science pushers do.