No, Barack promised them part of GM in order for them to stay with our debt. They wanted tangible backing. Obama took GM over in order to make sure that happened.
Now that is an interesting thought.
Source? Or opinion?
Barack promised them part of GM in order for them to stay with our debt.
You are correct sir.
1. The FED keeps the debt and payments from it.
2. The Chinese get tangible assets for their debt.
3. The American people pay for it all.
Geitner and his minions created the deal.
Barak O'Bama read it off the teleprompter.
Nicely done Secret Agent Man.