• USAFANG67 avatar USAFANG67 Posted: 2/13/2012 1:14pm PST

    "DOE's loans won't be repaid"

    I wonder if it's because of the failure of the GM Volt ;-)

  • richard avatar Richard Posted: 2/13/2012 1:54pm PST

    We'll assume you're kidding, since (a) you included a winky emoticon, and (b) GM's sales on the whole are pretty strong. But just to be clear, the defaults will probably stem mostly from Fisker, which is going through some fairly serious problems at the moment.

  • USAFANG67 avatar USAFANG67 Posted: 2/13/2012 4:00pm PST

    Yes you are partially right about the winky emoticon but it mostly has to do with the whole Hybrid/EV Industry.
    My prediction is that history will look back on this era akin to the Auto Industry going to being held back for failing to deliver a passing grade to advance to the next level of higher education and advancement.
    Time will tell all :-)

  • USAFANG67 avatar USAFANG67 Posted: 2/13/2012 1:04pm PST

    "Facts Figures and Figures Lie"!
    The Feds have always been known to cook the books to get the numbers they want when it comes to making themselves look good.
    Prime example is COLA(Cost Of Living Allowance)when it comes time to determine how much to give to people on SSI,Military Pay etc. depending on what the inflation rate is.