Orly

[mr.prick]

GM Pays Off Debt to U.S. (http://www.foxnews.com/leisure/2010/04/21/gm-pays-debt/) but still owes $53.8billion :confused:
and they are "investing" $257 million. :laugh:

How do you "pay off" debt yet still owe billions and
how do you "invest" hundreds of millions when you need to borrow billions to stay afloat?
http://smiliesftw.com/x/huh.gif
Is the whole world on drugs or is it just the media? http://smiliesftw.com/x/detective.gif

[magic919]

It doesn't 'owe' the $53.8 billion.

[mr.prick]

Are you being sarcastic or did I miss something?

GM still owes $45.3 billion to the U.S. and $8.1 billion to Canada,
money it received in exchange for large stakes in the company.

I guess both these governments can be perpetual "shareholders".
Look at all the profits that can be made from that. :laugh:
General Motors loses $3.4 billion (http://money.cnn.com/2010/04/07/news/companies/gm_results/index.htm)

And where in the world did they get the money to "pay back" the loans when they are still losing money?
Oh right, "paying off" loans adds to losses, :laugh:
maybe they should not make any loan payments. :sneaky:

At least they are in "better" shape than Chrystler. :hihi: (sarcasm)
Chrysler Posts $197M in First Quarter Losses (http://www.foxnews.com/leisure/2010/04/21/chrysler-postsm-quarter-losses/)

[GMPX]

My 8 year old daughter has more money in the bank than GM and Chrysler combined :mrgreen:
What a dilemma, spend it on car companies or Wall street bail outs so they can collect a bigger bonus (http://www.usatoday.com/money/industries/brokerage/2010-02-23-wallstreetbonuses_N.htm)?

[Tordne]

I think I have more under a cushion on the couch LOL

[joecar]

It all has to do with government efficiency... :hihi:

[mr.prick]

Here's how "GM Payed Off Debt to U.S." (http://www.freerepublic.com/focus/f-news/2497894/posts) :eek:

They didn't earn and extra 4 1/2 billion dollars, it's another pool of tarp money.

Chrysler's $197million quarterly loss looks like a "windfall profit". :laugh:

[mr.prick]

GM Could Be in Hot Water With FTC Over Truth in Advertising (http://www.foxnews.com/politics/2010/04/23/gm-hot-water-ftc-truth-advertising/)

Maybe someone will go to jail. :laugh: