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Grassley works to establish facts behind claim that GM repaid its TARP loan
Sen Chuck Grassley ^

Posted on 04/28/2010 3:34:35 PM PDT by quesney

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GM didn't really repay its government loan -- though they're aggressively advertising that in a very misleading way. They took out another taxpayer loan to "pay" a loan. I guess we should expect government-like (Social Security "Trust Fund") accounting from Government Motors.

Long live Ford.

1 posted on 04/28/2010 3:34:35 PM PDT by quesney
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To: quesney

duh


2 posted on 04/28/2010 3:35:54 PM PDT by Lucky9teen (I'll just say the 2nd amendment to the Constitution is there for a reason!)
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To: quesney

Paid the Master Card off with the VISA. Duh?


3 posted on 04/28/2010 3:37:06 PM PDT by Don Carlos (Dont tell mom I'm a congressman. She thinks I still play piano in a whorehouse.)
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To: quesney

Yep next car may be a FORD. Screw the GM liars.


4 posted on 04/28/2010 3:37:44 PM PDT by alice_in_bubbaland (Professional Politicians are a Threat to the Republic! Remove them on 11-3-10!)
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To: quesney

They used taxdollars to pay $6.7 billion so they will be elgible for a $10 billion government fund for “retooling” to meet new CAFE standards.

think about that.


5 posted on 04/28/2010 3:42:24 PM PDT by GeronL (http://libertyfic.proboards.com << Get your science fiction and fiction test marketed)
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To: quesney
“The bottom line is that the repayment was made on the dime of taxpayers across America"

Madoff Motors.

6 posted on 04/28/2010 3:44:57 PM PDT by denydenydeny (The welfare state turns us all into zoo animals, mouths open, waiting for the next feeding.)
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To: quesney
Another lie from the 0bama regime

7 posted on 04/28/2010 3:55:34 PM PDT by Uri’el-2012 (Psalm 119:174 I long for Your salvation, YHvH, Your law is my delight.)
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To: quesney

I am 67 and every car I ever purchased new was GM except once. Last August we bought a Honda and love it. Will never have another GM product.


8 posted on 04/28/2010 4:00:07 PM PDT by engrpat (A village in Kenya is missing their idiot...lets send him back)
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To: quesney

When will this nightmare be over? I am so sick of all of the corruption and lying.


9 posted on 04/28/2010 4:23:23 PM PDT by Bigg Red (Palin/Hunter 2012 -- Bolton their Secretary of State)
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To: quesney

All done to make obama look good and to cover up the fact we,not GM,not the unions using dues,will be paying their retirement benefits.


10 posted on 04/28/2010 4:32:46 PM PDT by wiggen (Government owned slave.)
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To: quesney

I’m glad somebody is.


11 posted on 04/28/2010 4:32:51 PM PDT by cake_crumb (President Reagan on ObieCare: http://www.youtube.com/watch?v=fRdLpem-AAs&feature=player_embedded#)
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To: quesney
Photobucket
12 posted on 04/28/2010 4:34:08 PM PDT by auboy (Men who cannot deceive others are very often successful at deceiving themselves. Samuel Johnson)
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To: quesney

In a serious world this would be a problem.


13 posted on 04/28/2010 4:43:04 PM PDT by JerseyDvl (The Obama Doctrine in 6 words - Embolden Enemies, Abandon Allies, WEAKEN AMERICA.)
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To: quesney

I mean really...what’d we expect from a car dealer? The truth?


14 posted on 04/28/2010 5:21:06 PM PDT by moovova (More coffee please...make it a double.)
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To: quesney
the federal government agreed to forgive some of GM’s debt during bankruptcy in exchange for stock in the company, the value of which is uncertain.

I take this to mean that the "uncertain" number is huge, but hey, it's only taxpayers money!

Nothing is too big, too good or too expensive when it's taxpayer money.

15 posted on 04/28/2010 5:57:19 PM PDT by RJL
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To: grellis; AdmSmith; Berosus; bigheadfred; Convert from ECUSA; dervish; Ernest_at_the_Beach; ...

One of those “if you owe me money, I’ll never be broke” kinda things.


16 posted on 04/28/2010 6:01:08 PM PDT by SunkenCiv ("Fools learn from experience. I prefer to learn from the experience of others." -- Otto von Bismarck)
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To: moovova

Our local GM dealer has balloons, streamers, and signs saying they (GM) have repaid their loan. What total BS


17 posted on 04/28/2010 6:02:38 PM PDT by gunner03
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To: engrpat

I am 52 or so. Bought FORDS all my life. Still happy. Perfect? No. Good? Yes.’09 Mustang, great. Older F-250, still great. Rebuilt old Bronco, better than new. FoMoCo.


18 posted on 04/28/2010 6:10:03 PM PDT by MileHi ( "It's coming down to patriots vs the politicians." - ovrtaxt)
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To: quesney

Excellent work by Sen. Grassley and his staff—


19 posted on 04/28/2010 6:59:41 PM PDT by mtntop3
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To: denydenydeny

I’ve got a hunch the guy who is now running GM must be from Chicago.


20 posted on 04/28/2010 7:30:08 PM PDT by Melchior
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