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Originally Posted by FenwickHockey65
OMG! He's next to a Focus EV! He must be running Ford too!!!  |
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Originally Posted by Xanthos
I agree 100% that GM paid off bailout money with other bailout-related money.
But what actually happened was that GM paid off their loan with money from the stock sale. That money belongs to GM with no strings attached other than the government getting a profit or loss depending on how the stocks do. Just like any other investment. They are completely within their rights to use investment money to pay off a loan. GM didn't "hoodwink" anybody. They paid off their loan, early and with interest, and stated as much.
- X
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Did you steal that paragraph from my brain?
