Comments on: GM Repayment: Beyond the Headlines

By: Catherine Mullikin

Catherine Mullikin — Tue, 08 Nov 2011 15:23:49 +0000

‘GM actually said it is going to start giving back $6.7 billion the government placed in an escrow account for the automaker as a contingency, in case things got worse.

That’s part of the $52 billion the government has plowed into GM, which went through a government-backed bankruptcy earlier this year.

Well, things didn’t get worse — so GM said it could start “repaying” the $6.7 billion contingency fund with a $1.2 billion “payment” in December, and add additional “payments” until the total amount is “paid off” over the next eight quarters.’

Nonsense. The government is playing with our patience.

By: Bob Homes

Bob Homes — Mon, 13 Jun 2011 17:55:23 +0000

“It is still good news. Our Uncle Sam and his Canadian cousins loaned the money with the provision that repayment be by July, 2015. So not using the money earlier is better than not using it later.”

Very true. At least they’re being *somewhat* truthful about it and giving some of the money back.

By: PunditKix

PunditKix — Mon, 16 Nov 2009 22:44:48 +0000

Donklephant » GM Repayment: Beyond the Headlines…

Thank you for submitting this cool story – Trackback from PunditKix…

By: frankhagan.com » GM Repayment: Beyond the Headlines

frankhagan.com » GM Repayment: Beyond the Headlines — Mon, 16 Nov 2009 22:17:33 +0000

[...] Cross-posted to Donklephant.com [...]