CAMARO6 - View Single Post - GM pays back US & Canadian loans way early

a_Username · 04-23-2010, 06:47 AM

So their logic is that since the money couldn't have been fully repaid with earnings, then it would have to be paid from the TARP account? This "either/or" fallacy leaves out the fact they could have used earnings combined with the billions worth of CASH ON HAND to repay the loans.

However, considering they have a credible source saying they used bailout money to repay the federal government, perhaps GM just decided to return the unused bailout money due to there being no need of having it. Either way, the government was paid back the $6.7B.

04-23-2010, 06:47 AM	#159
a_Username Drives: 2010 2SS Camaro Join Date: Jul 2009 Location: Murfreesboro, TN Posts: 3,890 View My Garage	So their logic is that since the money couldn't have been fully repaid with earnings, then it would have to be paid from the TARP account? This "either/or" fallacy leaves out the fact they could have used earnings combined with the billions worth of CASH ON HAND to repay the loans. However, considering they have a credible source saying they used bailout money to repay the federal government, perhaps GM just decided to return the unused bailout money due to there being no need of having it. Either way, the government was paid back the $6.7B.