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Old May 11th, 2010, 02:02 PM   #15
ovrlnd
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Quote:
Originally Posted by PavementPounder View Post
Yes, that's what they did. No longer needing to sit on that money is a sign of progress, but not a demonstration that they are completely "fixed".



That other $1000 now sits in your hands in the form of stock. That's what ScOoTeR was trying to explain. "Fixing" that situation is not as cut & dry as returning money that will no longer be needed, as suggested by Ovrlnd's comment about whether the Gov't will now pull out and sell the shares back.
if the government stay ownership forever then I agree. however the gov't said they would pull out immediately after they were back up protesting and assuring the american people that they had no interest in the auto industry.
if they pull out they should sell the shares back to gm and be done. then the loan would be paid in full. i have a feeling that the govt is just going to keep ownership. period.

but PP is correct it probably cannot happen right now. so the end result is a bullshit ad claiming that the money was repaid to try and increase sales.
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