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To: Nachum

Ford did receive funds article is from Dec. 2010.

http://www.thetruthaboutcars.com/2010/12/blue-ops-the-clandestine-bailout-of-ford/

key quote
Fry is not talking about the DOE retooling loan, and Ford’s well publicized use of government loan guarantees. Fry found a $7 billion government check to Ford that was hidden from the public’s eye. Well, not really, it was mentioned on page 18 of a document submitted by Ford to the Senate Banking Committee on December 2, 2008, but who reads that stuff?


30 posted on 09/27/2011 11:37:40 AM PDT by Whenifhow
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To: Whenifhow

Ford is also getting some $$ thru the same slush fund that backed Solyndra and which keeps the Post Office afloat with billions in low interest loans, the Federal Financing Bank:

http://www.zerohedge.com/contributed/another-big-month-geithner%E2%80%99s-whorehouse-bank


35 posted on 09/27/2011 11:57:20 AM PDT by TeachableMoment
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To: Whenifhow
“Fry found a $7 billion government check to Ford that was hidden from the public’s eye. Well, not really, it was mentioned on page 18 of a document submitted by Ford to the Senate Banking Committee on December 2, 2008, but who reads that stuff?”

I do. This is a strawman argument trying to re-frame the real issue. Companies borrow billions every day. Companies will borrow the cheapest money they can. Ford borrowed money from the FedGov BEACUSE IT WAS THE CHEAPEST SOURCE OF CAPITAL WITH NO STRINGS ATTACHED. Oh, and guess what, they paid it back.

Compare that to my friend’s grandmother (a widower) who was wiped out by Obama because the bulk of her savings were in GM bonds. She was robbed - paid literally cents on the dollar. Her legally obtained ownership was handed to the unions.

Now she is on welfare. Put there by Obama and Geitner.

No comparison whatsoever.

63 posted on 09/27/2011 3:05:13 PM PDT by Gabrial (The Whitehouse Nightmare will continue as long as the Nightmare is in the Whitehouse)
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