Quote:
Originally Posted by Unfair
Robbing peter to pay paul?
in the case you stated above you would STILL be in debt, like someone said here if you pay off your visa card with your american express card, don't you still owe american express money?
so in reality what did you pay off, if the money you used wasn't your own?
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In the case I presented, if you went bankrupt, you would keep the car. In GM's case, they HAVE to repay the loan, but the other funds get repaid by the sale of stock.