November 11, 2009

Nay Sayers, What Do You Say Now?

All you naysayers out there are about to eat your words!

General Motors Co. Chief Executive Officer Fritz Henderson has the board's backing, and the automaker may repay some of its $50 billion in U.S. bankruptcy aid this year, Chairman Ed Whitacre said.

"It's conceivable we could pay back some of the loans before the end of the year," Whitacre, 68, said Tuesday. He declined to commit the company to an initial public offering next year

Posted by Quality Weenie at November 11, 2009 08:55 AM

The government loans? I didn't know their sales were so good...! Or are they trying to get out from under obama's thumb at all costs?

Posted by: Pam at November 11, 2009 09:58 AM

The question is, however, will the government ALLOW them to repay the loan. Many of the financial institutions have tried paying it back and been refused, because this isn't about money it's about government control of as many facets of our economy as possible.

Posted by: Graumagus at November 11, 2009 11:06 AM