Quote:
Originally Posted by bobscogin
From the fact sheet:
"If the firms have not attained viability by March 31, 2009, the loan will be called and all funds returned to the Treasury."
How could they return the funds if you're using them to offset billions per month in losses. Won't the money be spent? I'd think that by March 31, 2009, it'll all be gone up in smoke.
Bob
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Good Point...I would think they would be forced into banckrupcy, liquidate, and repay
GM does have assets, no liquid funds--I really don't even wat to consider this... :( Hopefully, this will get them through and back on their feet.