It doesn't make much sense does it?

What I think may be happening is that the borrowed money will be used to shore up anything GM doesn't want public and get the books in order. Even bankruptcy costs money to go through.

Though this sum is a doozy.

Yet more proof the Bail Outs are just one gigantic scam .
If General Motors is going to go Bankrupt anyway then what is the point on giving them a dime ?
Somebody most likely the General Motors executives are going to end up living very well off the Bail Out money if it isnt rendered worthless by inflation(SP?) . Just wait for the plane loads of executives to vanish overseas where they are out of reach of the US tax payer and US laws .

Cheers xpert11 .