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, 02:25 PM   #18
I am the law.
PavementPounder's Avatar
Join Date: 11-05-05
Location: Birmingham, Michigan 48009
Posts: 29,823
iTrader: (224)
Mentioned: 7 Post(s)

Originally Posted by ovrlnd View Post
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.
Me too. Either that or demand a price that makes the bailout quite worth their while.

Originally Posted by ovrlnd View Post
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.
I don't know that it was really bullshit. Did they not say they did exactly what they actually did? Its pretty much all GM can do at this point until the Gov't takes care of their end and agrees to get off the shares.
PavementPounder is offline   Reply With Quote
Page generated in 0.11354 seconds with 22 queries