Tracking the bailout money

  • #26
mheslep
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If they used tarp fund A to pay tarp fund B, clearly they won't need tarp fund A as was intended.
Good, they can give me back my share then.

Also, the 8 billion was certainly a big deal when we loaned the money.
True, but after being chased by another $60B it doesn't look so big any more.
 
  • #27
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GM announces that the government bailout has been repaid, in full, with interest, five years ahead of schedule.
http://www.gm.com/
Did they happen to mention where the funds came from - perhaps another Government loan?

This story is disingenuous at best. When they can pay their obligations from earnings, it will be an appropriate time to celebrate.
 
  • #28
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The same guy that said Obama wants to pull the plug on grandma. :zzz: Grassley has no credibility.

If they used tarp fund A to pay tarp fund B, clearly they won't need tarp fund A as was intended. Also, the 8 billion was certainly a big deal when we loaned the money.
If "Grassley has no credibility", where DID the money come from - and please support.
 
  • #29
mheslep
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GM's TV ad with CEO Whitacre spouting about the loan payback. The ad's a shame, as GM had the opportunity come clean about the $50B of taxpayer money GM still has its hands on and thereby reverse years of similar declarations of victory in the face disaster.

https://www.youtube.com/watch?v=SSNPFVLIWjI
 
  • #30
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Let me see if I got this right:

1) Congress approved a bail-out fund.
2) We, as taxpayers, pay for that fund.
3) The business's in question eventually pays back to the government
4) The government does not give it back to the taxpayers.

What a great scam!!!!
 
  • #31
mheslep
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Let me see if I got this right:

1) Congress approved a bail-out fund.
2) We, as taxpayers, pay for that fund.
3) The business's in question eventually pays back to the government
Pays back some
 

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