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Old 03-26-2010, 05:05 PM   #20
DGthe3
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Quote:
Originally Posted by AZCamaroFan View Post
I've been kind of confused on something. They got 50 billion in loans. How come they only have to repay 6.7 billion in cash?
The government ownership accounts for the rest, more or less. When GM is traded publicly again, the 3 governments will sell their stake in the company, potentially at a loss, potentially for a profit.
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Originally Posted by FbodFather
My sister's dentist's brother's cousin's housekeeper's dog-breeder's nephew sells coffee filters to the company that provides coffee to General Motors......
........and HE WOULD KNOW!!!!
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