Quote:
Originally Posted by Azure
Unless I'm mistaken, they make pretty good money actually, but its based on how well the company does.
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Yup. I don't get the argument that GM sells a lot of cars, its about whether the business is profitable or not. GM is not, they've been losing money for a decade and long before this recession. Toyota has been making money for 63 consecutive years before this year.
As for banks, I think another thing worth mentioning is the banks do have a plan to pay it back. BoA says they could start paying back TARP funds right now but are keeping it given the turbulent times, and plan to start paying back TARP money towards the second half of this year. I believe Wells Fargo and JPM are self-sufficient and have not got any money (besides TARP?).