re: #321 Fat Bastard Vegetarian

The Jewish joke outrage, is nothing more than another dumb reason to get outraged.

I have an outrage.

I’m outraged that GM is advertising now that they’ve paid off their loan to the American people, with interest, five years ahead of schedule.

(using TARP money, the lying cocksuckers)

Please, someone tell me I’ve got it all wrong.

It’s not that simple.

The TARP money purchased actual assets. The govt (us) owns 60% of GM and a lot of preferred stock.

GM is expected to hold an IPO at some point to pay the USA back. In the meantime, they are expected to use their cash prudently, like any other business. That they used some cash to pay the loan off now is meant to be a small signal that they are doing well enough that they didn’t need to hoard it for later this year.

If the symbolic gesture helps their stock price, we’ll benefit. If their stock goes up enough, the US could actually make money on the TARP investment.

Does that help?