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Politics : Formerly About Advanced Micro Devices

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To: Joe NYC who wrote (438551)	12/5/2008 5:34:24 PM
From: tejek	Read Replies (1) of 1574042

With explaining it to an ideologue.....yes. I take that as a: "No, I can't explain how a high interest loan would be good for GM in the current situation". What I said is that when a borrower is a poor credit risk steps can be taken to protect the lender. One of those is requiring a higher interest. I offered those comments because you were suggesting that GM should not get any money because its a poor credit risk....in fact, that it was unprecedented.....poor credit risks don't get loans. And that's just plain BS. Of course, the problem is you don't want to give GM a loan because it runs counter to your ideology. And so like a child, you are throwing up obstacles every which way to keep it from happening. And when facts are offered up to counter those obstacles, you make up bogus arguments......like..."I can't explain why a high interest loan would be good for GM in the current situation". GM desperately needs a loan.....a high interest loan is better than no loan at all. That's so obvious I feel ridiculous having to state it.

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