Chevrolet Corvette Stingray C7 Forum - View Single Post - GM pays back US & Canadian loans way early

GoldBowtie · 04-23-2010, 02:35 PM

Some points to remember:

Grassley sounds like an IDIOT and is an embarrassment to the Republican Party

A payment is a payment --- GM has LESS cash today than yesterday and the Govt. has MORE today than yesterday. Doesn't even matter if it was paid with Fifties or Hundreds, either!!

GM has paid all the "LOANS" owed --- the rest of the Billions are in the form of STOCK certificates (about 61% of all the stock). Maybe the Govt. will sell and make a PROFIT on their investment and maybe not. IT'S TOO SOON TO TELL, RIGHT!!

So if you don't like the fact that GM needed help and the Govt. stepped in, suck it up and buy what you want (probably wouldn't have been GM anyway) --- but jobs, and maybe a few lives, were saved ---- and the Govt. will end up in good shape from this deal.

04-23-2010, 02:35 PM	#255
GoldBowtie Drives: 2021 Yukon Denali, 2018 ZL1 Join Date: Feb 2009 Location: Canton, MI. (Detroit Area) Posts: 241 View My Garage	Some points to remember: Grassley sounds like an IDIOT and is an embarrassment to the Republican Party A payment is a payment --- GM has LESS cash today than yesterday and the Govt. has MORE today than yesterday. Doesn't even matter if it was paid with Fifties or Hundreds, either!! GM has paid all the "LOANS" owed --- the rest of the Billions are in the form of STOCK certificates (about 61% of all the stock). Maybe the Govt. will sell and make a PROFIT on their investment and maybe not. IT'S TOO SOON TO TELL, RIGHT!! So if you don't like the fact that GM needed help and the Govt. stepped in, suck it up and buy what you want (probably wouldn't have been GM anyway) --- but jobs, and maybe a few lives, were saved ---- and the Govt. will end up in good shape from this deal. __________________ 2018 ZL1