Quote:
Originally Posted by sprtplt
Except that it is a lie. They borrowed 52 billion and are paying back less than 6 billion. Claiming they have repaid the loans in full it a blatant lie. They are using this already in their advertising and I think that is very shady.
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no, the 6 billion WAS a loan. The rest of the government aid was in the form of the government buying GM's shares. So they DID repay the loan. Now the government needs to start selling its shares back to the public.