GM pays back US & Canadian loans way early - Page 8

Xanthos · 04-22-2010, 02:20 PM

Quote:

Originally Posted by 1bad65

I believe the plan is to release it when they post a profit.

Which should come pretty quick now that they aren't making multi-billion dollar payments each quarter.
- X

1bad65 · 04-22-2010, 02:38 PM

Quote:

Originally Posted by Xanthos

Which should come pretty quick now that they aren't making multi-billion dollar payments each quarter.
- X

I heard they hope to do it within a year.

Sax1031 · 04-22-2010, 02:44 PM

Still "technically" they can be called Government Motors. Hopefully that changes soon though.

*Mr. Wyndham* · 04-22-2010, 02:50 PM

Quote:

Originally Posted by Sax1031

Still "technically" they can be called Government Motors.

No...they can't. Because that is NOT their name, nor is it representative of how the business is run.

Xanthos · 04-22-2010, 02:52 PM

Quote:

Originally Posted by Dragoneye

No...they can't. Because that is NOT their name, nor is it representative of how the business is run.

Thank you! LMAO.

It bugs me to no end when people say stuff like that. The government is just an investor - and one that isn't even represented on the board anymore.
- X

Sax1031 · 04-22-2010, 02:54 PM

Quote:

Originally Posted by Dragoneye

No...they can't. Because that is NOT their name, nor is it representative of how the business is run.

I am just saying that people could still call them "Government Motors" because they are still very much owned by the Government.

I have never used the term and never will, but it still applies.

I wasn't saying the government micro-manages GM.

CWI · 04-22-2010, 03:21 PM

They don't Manage, anything at GM. They just have the deep pockets that has kept GM in business. GM still makes all their own decisions.

robertway · 04-22-2010, 03:39 PM

They only paid back 13%

http://sweetness-light.com/archive/g...vernment-loans

As an aside, this thread has very explosive potential..... I'll leave it at that...

Xanthos · 04-22-2010, 03:56 PM

Quote:

Originally Posted by robertway

They only paid back 13%

http://sweetness-light.com/archive/g...vernment-loans

As an aside, this thread has very explosive potential..... I'll leave it at that...

The other part was not a loan, but an investment. The government already has that money in the form of stock, and its up to them when they decide to sell it.
- X

robertway · 04-22-2010, 04:39 PM

Quote:

Originally Posted by Xanthos

The other part was not a loan, but an investment. The government already has that money in the form of stock, and its up to them when they decide to sell it.
- X

Handing out 45 billion or so in bailout loans and then "converting" that to "equity positions" is not an investment.

Brokinarrow · 04-22-2010, 04:42 PM

Quote:

Originally Posted by robertway

Handing out 45 billion or so in bailout loans and then "converting" that to "equity positions" is not an investment.

What do you call buying a 61% stake in a company then? Sure sounds like an investment to me....

FenwickHockey65 · 04-22-2010, 04:52 PM

Quote:

Originally Posted by robertway

Handing out 45 billion or so in bailout loans and then "converting" that to "equity positions" is not an investment.

The government did exactly what you do when you buy stock. I really don't get why this is so hard to understand.

robertway · 04-22-2010, 05:02 PM

Quote:

Originally Posted by Brokinarrow

What do you call buying a 61% stake in a company then? Sure sounds like an investment to me....

I call it a takeover... especially when the Federal Government prints the money to do it....

Unfair · 04-22-2010, 05:02 PM

Quote:

Originally Posted by FenwickHockey65

The government did exactly what you do when you buy stock. I really don't get why this is so hard to understand.

If you put it like that it sounds like there was no bailout, when clearly there was.
i'm glad they are on their way forward and hopefully it stays that way but no reason to sugar coat it.

04-22-2010, 03:21 PM	#105
CWI Helping Build America Drives: 2010 2SS/RS,LS3 2013 Duramax 3500HD Join Date: Aug 2008 Location: Freeport LPG Export Posts: 3,836 View My Garage	They don't Manage, anything at GM. They just have the deep pockets that has kept GM in business. GM still makes all their own decisions. __________________ Life's journey is not to arrive at the grave safely in a well preserved body, but rather to skid in sideways, totally worn out, shouting "Holy shit, what a ride!"

04-22-2010, 03:39 PM	#106
robertway Drives: 2012 Challenger SRT8 Auto Join Date: Sep 2009 Location: Central New Jersey Posts: 839	They only paid back 13% http://sweetness-light.com/archive/g...vernment-loans As an aside, this thread has very explosive potential..... I'll leave it at that... __________________ "When the people find they can vote themselves money, that will herald the end of the republic." - Benjamin Franklin LS3 Camshaft Swap Do-It-Yourself Instructions - 2010 LS3 gone but not forgotten!!!

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04-22-2010, 02:44 PM	#101
Sax1031 Drives: 2000 Mustang GT Join Date: Jul 2009 Location: Elgin,SC Posts: 2,707	Still "technically" they can be called Government Motors. Hopefully that changes soon though.