Orly

[mr.prick]

GM Pays Off Debt to U.S. but still owes $53.8billion
and they are "investing" $257 million.

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?

Is the whole world on drugs or is it just the media?

[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.
General Motors loses $3.4 billion

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,
maybe they should not make any loan payments.

At least they are in "better" shape than Chrystler. (sarcasm)
Chrysler Posts $197M in First Quarter Losses

[GMPX]

My 8 year old daughter has more money in the bank than GM and Chrysler combined
What a dilemma, spend it on car companies or Wall street bail outs so they can collect a bigger bonus?

[Tordne]

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

[joecar]

It all has to do with government efficiency...

[mr.prick]

Here's how "GM Payed Off Debt to U.S."

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".

[mr.prick]

GM Could Be in Hot Water With FTC Over Truth in Advertising

Maybe someone will go to jail.