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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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GM will be paid back for the investment in stock, so GM has technically already repaid that debt. Therefore, all loans have been repaid.
Quote:
Originally Posted by WongBob
Wait wait wait wait... so to pay of the other $45 billion they are going to sell their debt to us in the form of stocks??? WTF! Thats like screwing the people twice!
I was all for it until I started thinking about it. Its gonna be great for the company, but I think out government is helping GM pull a fast one.
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This was the choice of the government, not GM. Let's avoid politics when discussing this subject.
From a business perspective, the best, most profitable plan would be to have an initial public offering (IPO) in the near future and slowly sell government stock as the value rises.