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Originally Posted by 82-T/A
Look, it's one thing to give them a loan, but it's an entirely different thing for the US government to PURCHASE them (debt to equity swap).
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So if General Motors had swapped $40 Billion Dollars of crushing debt that they could not repay to the private sector with $40 Billion Dollars of crushing debt that they could not repay to the government, they would have been able to statisfy your recent dislike of automobile manufacturers with government ownership stakes but not ones that support it, and kept you as an owner? 
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Last edited by Small Dealer : 07-08-2009 at 04:16 PM.
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