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Thread: GM: Looking for Loans in All the Wrong Places

  1. #1

    GM: Looking for Loans in All the Wrong Places

    GM boasts it has repaid its government loan, but that's but a fraction of the cost of the government bailout of the still troubled automotive giant. by Jack Kenny

    GM: Looking for Loans in All the Wrong Places


    Jack Kenny | The New American
    Monday, 26 April 2010
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  3. #2
    GM repays federal loan with government money


    SF Gate
    April 27, 2010


    You'd think that General Motors Co., having been rescued by U.S. taxpayers, would be more up-front with them.

    In an ad that has been blanketing the airwaves since last week, General Motors Chairman and chief executive Ed Whitacre boasts that "we have repaid our government loan, in full, with interest, five years ahead of the original schedule."

    In a press release, Whitacre said GM was able to repay the loans "because more customers are buying vehicles like the Chevrolet Malibu and Buick LaCrosse."

    Neither the ad nor the press release mentioned that GM repaid its government loan with other government money, or that U.S. taxpayers could lose money on the roughly $50 billion they still have invested in General Motors.


    SOURCE:
    http://www.sfgate.com/cgi-bin/articl...BUS91D55HR.DTL



    ----

    Ron Paul Forum's Mission Statement:

    Inspired by US Rep. Ron Paul of Texas, this site is dedicated to facilitating grassroots initiatives that aim to restore a sovereign limited constitutional Republic based on the rule of law, states' rights and individual rights. We seek to enshrine the original intent of our Founders to foster respect for private property, seek justice, provide opportunity, and to secure individual liberty for ourselves and our posterity.

  4. #3
    Good luck on your thread. I tried to discuss this and got slapped around. http://www.ronpaulforums.com/showthread.php?t=241902



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