I’ll be damned if I’ll put a nickel into your company until you do.
I won’t anyway. It wasn’t the government’s money to loan, it was our money. Will we get it back, interest or no, ever?
The down side to it is this: they are using TARP money from a special fund to
pay off the debt. they are paying back nothing with more nothing.
With the kind of math they are using I could be bill gates in a week.
So how does one pay back 8 large and also lose 4 large at the same time. As you can see that was not a question.
I drive a Ford. Screw GM and Mopar. As cool as the Camaro or the Challenger may be, not a chance. I drive an Explorer, the wife drives a Mustang.
Even my Dad, who put in 30 years at Chrysler and never owned any other make as long as I’ve been around (58+) recently said he probably wouldn’t buy another.
GrayJohn has it correct.
More detail in this Forbes Article: Still Government Motors
Hat tip for that one goes to GeekWithA.45