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Re: LIKE A CROCK - How The Hell Did GM Pay Back Its Loans "In Full And Ahead of Schedule?" Well, It Didn't

By: ribit in ROUND | Recommend this post (1)
Sun, 01 Jan 12 4:57 AM | 55 view(s)
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Msg. 37516 of 45651
(This msg. is a reply to 37505 by capt_nemo)
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captain
Amazing they can accept losses like this with our money.......

...why is it amazing? Libs are famous for financing stuff with other people's money.

Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!

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The above is a reply to the following message:

LIKE A CROCK - How The Hell Did GM Pay Back Its Loans "In Full And Ahead of Schedule?" Well, It Didn't
By: capt_nemo in ROUND
Sat, 31 Dec 11 9:47 PM

Msg. 37505 of 45651

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.......

,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

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.

MORE,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

http://dailybail.com/home/like-a-crock-how-the-hell-did-gm-pay-back-its-loans-in-full.html

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