Great Lakes 4x4. The largest offroad forum in the Midwest - View Single Post - Oh Gee...feds acknowledge GM repaid loan with loan money
View Single Post
Old May 11th, 2010, 01:08 PM   #10
Yota Bill
Senior Member
 
Join Date: 08-24-08
Location: Morrice, Mi
Posts: 3,229
iTrader: (11)
Mentioned: 0 Post(s)
Default

Quote:
Originally Posted by Flexin' XJ View Post
Seems to me that they took out a loan, then with that same money, repaid the loan. Whether it was money that was made or borrowed, the loan was paid. They didn't need it anymore so they gave it back.
but looking at it that way, they did not give all of it back, only a portion of it that wasnt used...the rest was "paid" with stock in the company

I also dont like the fact that taxpayers money was given to a private company...any private company, or bank for that matter
Yota Bill is offline   Reply With Quote
 
Page generated in 0.06466 seconds with 20 queries