Off-Topic: GM's "Funny Money" Payment
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Name:   lotowner The author of this post is registered as a member - Email Member
Subject:   GM's "Funny Money" Payment
Date:   4/23/2010 9:06:35 AM

Is it not hilarious how Ed Whitaker from GM announces that GM has repaid the Govt loan "in full" with interest. Is this not taking money that was still in the coffer that was loaned and just turning around and giving it back. As I understand, this repayment was not from income generated by GM. What about the other multi billions ($54B) loaned to GM. When will this money be paid back?

Is it also not strange that GM's announcement also coincided with the appearance of Obama to beat up Wall Street. But remember, this is "Government Motors" now and the CEO of GM talks when directed by the administration. Don't talk back to your boss or you may be out on the streets or found in a dumpster (Chicago Rules).

This administration only lies when their lips are moving. Truth is there somewhere - it's just hard to find.
Other messages in this thread:View Entire Thread
GM's "Funny Money" Payment - lotowner - 4/23/2010 9:06:35 AM
     GM's "Funny Money" Payment - MAJ USA RET - 4/23/2010 11:46:30 AM
     Grassley: GM Didn't Really Pay U.S. Back - lotowner - 4/24/2010 12:41:17 PM



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