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GM CEO: Thanks for the Money, I Think We'll Declare Bankruptcy Now

191
Ford_Prefect3/31/2009 11:28:28 am PDT

re: #171 Charles

In the case of Chrysler though, the company paid back every cent of the government’s money, with interest.

That’s obviously not going to happen this time.

This time the government doesn’t really want it back. As long as that loan is out they have leverage to do what they want with the company. If they were to pay it back they could say “screw you Washington, we aren’t firing our CEO or merging with f*cking Fiat.”