re: #375 tradewind

I’m just saying…
That’s a loan only by the stretchiest of stretches.
Collateral-wise, what would the government do… seize a bunch of Chevys? //
I hope GM kicks butt and prospers, but by cutting fat and using their backbones when it comes to dealing with their unions.

It’s a collateral sale. Of course, GM could act poorly and the resulting liquidation could fail to repay the entire investment, but categorizing the proceeds from the ownership and stock purchase as a loan is misleading.

Here’s a question: by how much did GM stock increase after the announcement?