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    Thread: So GM Has Paid Back It's Loan

    1. 04-21-2010 01:46 PM #1
      Opponents will cry in their milk:

    2. GM paid back its loan 5 years ahead of schedule.
      The US made a PROFIT from the deal.
      Buick Lacrosse and Chevrolet Malibu are credited.
      Government can help when done correctly.
    3. http://www.autoblog.com/2010/0...inued

      Quote Originally Posted by Fritz27 View Post
      You're a self-serving Japanese car-hating asshat.
      I drive two Japanese cars.

    4. 04-21-2010 01:50 PM #2
      What do you mean?
      Quote Originally Posted by Fritz27 View Post
      You're a self-serving Japanese car-hating asshat.
      I drive two Japanese cars.

    5. Member gti5dr06's Avatar
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      04-21-2010 01:50 PM #3
      technically there's still that 45 billion, but a good start for sure
      Quote Originally Posted by konigwheels View Post
      Wow, it amazes me that we have children in here that can't read a couple paragraphs. No wonder America's doing so well in education! Can't take the time to read, but sure can find the time to post. Self indulgence at it's finest.

      TL;DR should be banned and changed to ID;CR or I'm dumb, can't read.

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      04-21-2010 01:52 PM #4
      Quote, originally posted by gti5dr06 »
      technically there's still that 45 billion, but a good start for sure

      I concur, but Canada's happy! Not to mention it's a great step forward.

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    7. 04-21-2010 01:53 PM #5
      Oh Noes! The "Socialist" saved thousands of jobs! Oh Noes!

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      04-21-2010 01:53 PM #6
      In before the idiots of TCL try to bash GM for something.

      Good for GM...they needed to succeed

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      Quote Originally Posted by bothhandsplease View Post
      You'd think this was a purse forum with all the blathering about stitching and gauges

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      04-21-2010 01:59 PM #7
      As a member of the Tea Party, I *demand* that the government loan GM more money so I can continue to use the fantastically funny joke of "Government Motors".

      "The very powerful and the very stupid have one thing in common. Instead of altering their views to fit the facts, they alter the facts to fit their views...which can be very uncomfortable if you happen to be one of the facts that needs altering."
      - Doctor Who (Fourth Doctor) "Face of Evil"

    10. 04-21-2010 02:00 PM #8
      Quote, originally posted by Moodyblues »
      Oh Noes! The "Socialist" saved thousands of jobs! Oh Noes!

      But those are socialist jobs!!!!!

      Quote Originally Posted by Fritz27 View Post
      You're a self-serving Japanese car-hating asshat.
      I drive two Japanese cars.

    11. Member Egz's Avatar
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      04-21-2010 02:01 PM #9
      Been there, done that, got locked.

      http://forums.vwvortex.com/zerothread?id=4855577

      Quote Originally Posted by cockerpunk
      that really comes down to a safety issue too. i mean if you do ANY kind of development, even the most basic stuff, you should at least be closed toe shoe.
      Quote Originally Posted by z0d
      You can't drop a SQL table on your foot.

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      04-21-2010 02:02 PM #10
      are you kidding me? Do you realize how much more money they owe the government? Give me a break.

      Post something when they really DO pay back all the money.

      And, your title is misleading. You are implying they paid back their loan, when in reality, they paid a small portion of a huge chunk of money that we will most likely never see again.

      Crooks.


    13. 04-21-2010 02:02 PM #11
      That thread was about the upcoming announcement.

      This is about the actual announcement and payment.

      Quote Originally Posted by Fritz27 View Post
      You're a self-serving Japanese car-hating asshat.
      I drive two Japanese cars.

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      04-21-2010 02:02 PM #12
      Good news, soon to be mired in this thread by people with a special interest in turning it into bad news.

      I give it three pages.


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      04-21-2010 02:03 PM #13
      Quote, originally posted by melanotaenia »

      Crooks.

      Attitudes like this is why TCL can't have nice things.

      Quote Originally Posted by Anonymous
      Apparently, these “frat-boys” think Craig’s List is more entertaining than Survivor.

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      04-21-2010 02:04 PM #14
      Quote, originally posted by melanotaenia »
      are you kidding me? Do you realize how much more money they owe the government? Give me a break.

      Post something when they really DO pay back all the money.

      And, your title is misleading. You are implying they paid back their loan, when in reality, they paid a small portion of a huge chunk of money that we will most likely never see again.

      Crooks.

      That didn't take long.


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      04-21-2010 02:05 PM #15
      Quote, originally posted by melanotaenia »
      are you kidding me? Do you realize how much more money they owe the government? Give me a break.

      Post something when they really DO pay back all the money.

      And, your title is misleading. You are implying they paid back their loan, when in reality, they paid a small portion of a huge chunk of money that we will most likely never see again.

      Crooks.

      What you're saying is factually incorrect. They repaid all of their Loan Payable. The other portion of the former Loan Payable was converted into the government's equity stake during the restructuring process.

      And that money will most likely be seen whenever there is an IPO and the government divests its stake.


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      04-21-2010 02:05 PM #16
      Quote, originally posted by DJMRDARK »
      That thread was about the upcoming announcement.

      This is about the actual announcement and payment.

      Just saving everyone some time by covering all the arguing points.

      Quote Originally Posted by cockerpunk
      that really comes down to a safety issue too. i mean if you do ANY kind of development, even the most basic stuff, you should at least be closed toe shoe.
      Quote Originally Posted by z0d
      You can't drop a SQL table on your foot.

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      04-21-2010 02:05 PM #17
      Quote, originally posted by Big Morgan »

      Attitudes like this is why TCL can't have nice things.

      and the idiot euro fanboys arrive...

      it was a good 15 minutes, right?

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      Quote Originally Posted by bothhandsplease View Post
      You'd think this was a purse forum with all the blathering about stitching and gauges

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      04-21-2010 02:06 PM #18
      What's the whole story here? How much in regular loans did they take, and how much in "bailout" loans did they take?
      JSW TDI, Mustang SVO, et al.

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      04-21-2010 02:08 PM #19
      Quote, originally posted by Big Morgan »

      You're way out of line. What about my statement makes me a Euro fanboy?

      He was referring to the poster that you quoted.


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      04-21-2010 02:08 PM #20
      Ah my mistake.
      Quote Originally Posted by Anonymous
      Apparently, these “frat-boys” think Craig’s List is more entertaining than Survivor.

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      04-21-2010 02:08 PM #21
      Quote, originally posted by Big Morgan »

      You're way out of line. What about my statement makes me a Euro fanboy?

      I'd like the original poster to explain whose a criminal in this scheme and why.

      I was agreeing with your statement, I didn't want to give the other guy the credit of quoting his crap

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      Quote Originally Posted by bothhandsplease View Post
      You'd think this was a purse forum with all the blathering about stitching and gauges

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      04-21-2010 02:12 PM #22
      Quote, originally posted by Art Vandelay »
      What's the whole story here? How much in regular loans did they take, and how much in "bailout" loans did they take?

      $8 Billion in loans were paid back. The rest($50 Billion or so) is what the government owns of GM and should be paid back(potentially with profit) when GM goes public.


    25. 04-21-2010 02:14 PM #23
      It's "its": GM has paid back its loan.
      __________
      GCF - The Alternative Automotive Community

      it's = it is
      its = possessive of "it"

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      04-21-2010 02:14 PM #24
      Quote, originally posted by Sledge »
      As a member of the Tea Party, I *demand* that the government loan GM more money so I can continue to use the fantastically funny joke of "Government Motors".


      The Gov't still owns a big chunk of GM, this loan was a drop in the bucket.
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      04-21-2010 02:16 PM #25
      Quote, originally posted by HaterSlayer »

      $8 Billion in loans were paid back. The rest($50 Billion or so) is what the government owns of GM and should be paid back(potentially with profit) when GM goes public.

      And we TCL'ers are all gonna be good citizens and buy some New GM shares, right?

      The "It will never work" negativity of the opposition really boggles the mind. I wish the Bush administration had taken a similar approach with the banks as Obama has with the automakers. While it's not a perfect scheme and I have my doubts that we'll get 100% of the public money back, I feel better knowing that with so much equity in government hands bailout money will not be spent on executive bonuses, retreats, and vacations.

      Quote Originally Posted by Anonymous
      Apparently, these “frat-boys” think Craig’s List is more entertaining than Survivor.

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      04-21-2010 02:18 PM #26
      epic vortex thread is epic.

      inb4lock


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      04-21-2010 02:20 PM #27
      So this repayment is going straight to deficit reduction.... right?

      Bro, do you even lift? When you only have 90 horsepower, you don't ever lift.
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      04-21-2010 02:20 PM #28
      Quote, originally posted by Surf Green »
      So this repayment is going straight to deficit reduction.... right?

      Only after we win the War on Terror

      Quote Originally Posted by Anonymous
      Apparently, these “frat-boys” think Craig’s List is more entertaining than Survivor.

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      04-21-2010 02:22 PM #29
      Quote, originally posted by axe »

      The Gov't still owns a big chunk of GM, this loan was a drop in the bucket.


      Assuming their IPO stock is worth anything.

      Quote Originally Posted by KyleC
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      04-21-2010 02:22 PM #30
      Quote, originally posted by MikeNoGo »

      What you're saying is factually incorrect. They repaid all of their Loan Payable. The other portion of the former Loan Payable was converted into the government's equity stake during the restructuring process.

      And that money will most likely be seen whenever there is an IPO and the government divests its stake.

      This.


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      04-21-2010 02:23 PM #31
      Quote, originally posted by TigerinColorado »


      Assuming their IPO stock is worth anything.

      Given the strong sales and profits of the cars mentioned in the OP, and the good things coming down the pipeline, I'm optimistic that it will be.

      IPRO Meat-Director and High Minister of Terror-Grilling

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      04-21-2010 02:27 PM #32
      Quote, originally posted by MikeNoGo »
      And that money will most likely be seen whenever there is an IPO and the government divests its stake.

      I hope that happens. I really, really do. But I'm skeptical.


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      04-21-2010 02:29 PM #33
      Mission Accomplished
      Of course it's company policy never to, imply ownership in the event of a dildo... always use the indefinite article a dildo, never your dildo.

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      04-21-2010 02:31 PM #34
      Quote, originally posted by eweu »

      I hope that happens. I really, really do. But I'm skeptical.

      So you think the Government is going to own GM, or a significant portion, permanently?


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      04-21-2010 02:32 PM #35
      Quote, originally posted by DJMRDARK »

      Government can help when done correctly.
      There's a first time for everything.
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      Quote Originally Posted by .skully.
      Mike, quote me in your signature

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