Comment

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

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looking closely3/31/2009 11:58:17 am PDT

re: #318 Killgore Trout

Bullshit. Handouts are free and don’t require repayment. If you have to pay it back with interest it’s called a loan. The English and reality language don’t bend to your political ideology.
The claim that this was a handout is an easily debunked myth. You will lose that argument every single time.


Excuse me.

When you don’t have collateral (eg your company is BANKRUPT), you don’t secure guaranteed 5% loans.

A loan at less than the fair market rate *IS* a handout.