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Old May 11th, 2010, 12:12 PM   #11
dreezy
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Quote:
Originally Posted by ovrlnd View Post
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.
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