Originally Posted by ovrlnd
I give you a loan for $2000
you spend $1000
you decide that you don't need the other $1000 so you give it back to me and you claim that you have repaid your loan in full.
no you still owe me $1000.
The thing is GM paid the other $1000 of your scenario with $1000 worth of ownership. Had they barrowed from a private buisness that would have been fine IMHO, however now we have dabbled with partial goverment ownership of a once private company.
I will refuse to buy another gm/chrysler product new or used until the goverments hands are out of it. I also know I am not alone on this.