Not sure you about that.... it seems the bond and stock holders lost the money. It appears a good number of people were shafted and the government was an insider.
> -----Original Message----- > From: [email protected] [mailto:[email protected]] On > Behalf Of Publius Maximus > Sent: Saturday, April 24, 2010 2:19 PM > To: ProFox Email List > Subject: Re: [OT] GM Repays Govt Loans > > It repaid the government loans with... government money. > > IOW, it's a joke. > > - Publius > > On Sat, Apr 24, 2010 at 2:14 PM, Carl Lindner <[email protected]> wrote: > > I was quite surprised with the GM turnaround - they had a lot of > debt. The > > following is from a Corvette mailing list... > > > > On 4/24/2010 12:02 PM, Mike M..... wrote: > >> So what happened to the old GM? Is it something we don't talk about? > a > >> Mulligan? a Gimmie? > >> > > > > ----- The reply by David K... was incredible-------- > > > > The GM of old went bankrupt and changed its name to "Motors > Liquidation > > Company". Their new web site is here: > > > > https://www.motorsliquidation.com/ > > > > A new company was formed (Vehicle Acquisition Holdings LLC) and > bought the > > rights and assets to GM's products, conveniently neglecting to take > it's > > debt. GM changed it's name to Motors Liquidation and then Vehicle > > Acquisition LLC changed it's name to "General Motors Company". > > > > > > Carl Lindner > > > > [excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/000301cae3df$f859fe60$e90dfb...@com ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
