Bloomberg commented on this last week. GM's share price needs to get to $53 a share for taxpayers to break even. Feds are willing to take $33 a share for billions in loses. Amazing they can accept losses like this with our money.......
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GM Payback Lies - Like A Crock
The original commercial from is above. GM fails to mention where they acquired the funds to make the shifty payback claim. It's common street fraud.
1) GM was loaned a separate $49.5 billion thru a TARP escrow account.
2) GM used money from the TARP escrow account to pay back the TARP loan.
3) The PR campaign was cover for an additional $10 billion loan from the DOE.
GM still owes taxpayers approximately $50 billion, though you would never know that from the lies they've been telling.
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http://dailybail.com/home/like-a-crock-how-the-hell-did-gm-pay-back-its-loans-in-full.html
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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