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classicman · 04-22-2010, 08:19 PM

Incorrect Merc, That is their final payment - We can only hope that the virtually worthless stock we currently own makes up the difference between the $50 billion given and the $6.7 billion that GM paid back. If I understand this correctly, basically we need this stock to equal $43 Billion just to break even.

Doesn't this mean that the Gov't now has a vested interest in giving GM all the advantages they can even over other American car companies, especially Ford who took no money?

04-22-2010, 08:19 PM	#1240
classicman barely disguised asshole, keeper of all that is holy. Join Date: Nov 2007 Posts: 23,401	Incorrect Merc, That is their final payment - We can only hope that the virtually worthless stock we currently own makes up the difference between the $50 billion given and the $6.7 billion that GM paid back. If I understand this correctly, basically we need this stock to equal $43 Billion just to break even. Doesn't this mean that the Gov't now has a vested interest in giving GM all the advantages they can even over other American car companies, especially Ford who took no money? __________________ "like strapping a pillow on a bull in a china shop" Bullitt