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Old 08-28-2011, 02:12 PM
WakePowell WakePowell is offline
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Join Date: Oct 2004
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Originally Posted by Double D View Post
OMG you two. Let it go!! Do I have to separate you two to opposite sides of the room??

I get the same comments from my brother the Ford owner, and yes I dont like that GM took the money. But the debt is paid off and has been paid off for a while. Time to LET IT GO!! Just sayin.....
The GM Debt is not paid off. They simple did two things, borrowed additional government money and exchanged government debt for equity (stock). It made good press last April to say they repaid the original TARP funds which is what everyone wanted to hear but was not factual. It will be decades before they emerge from Government Motors and become General Motors again.
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