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Grassley Slams GM, Administration Over Loans Repaid With Bailout Money
http://www.foxnews.com/politics/2010/04/22/grassley-slams-gm-administration-loans-repaid-bailout-money/ ^ | 4/22/10

Posted on 04/22/2010 3:36:54 PM PDT by HD1200

"It appears to be nothing more than an elaborate TARP money shuffle," Grassley, the ranking Republican on the Senate Finance Committee, said in a letter Thursday to Treasury Secretary Timothy Geithner. The bottom line seems to be that the TARP loans were 'repaid' with other TARP funds in a Treasury escrow account. The TARP loans were not repaid from money GM is earning selling cars, as GM and the administration have claimed in their speeches, press releases and television commercials," he wrote.

(Excerpt) Read more at foxnews.com ...


TOPICS: Front Page News; News/Current Events
KEYWORDS: bailout; gm; tarp; whlies
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To: HD1200

I will never buy a GM, as long as they are Gov and Union owned


41 posted on 04/22/2010 10:03:25 PM PDT by PMAS
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To: aphid

I’ve seen the tv ad repeatedly and heard the same on the radio today during Rush or Hannity...


42 posted on 04/23/2010 1:02:03 AM PDT by tina07 (In loving memory of my father,WWII Vet. CBI 10/16/42-12/17/45, d. 11/1/85 -Happy B'day Daddy 2/20/23)
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To: Oldexpat

agree, the ad should be stopped, it’s a lie!


43 posted on 04/23/2010 1:02:41 AM PDT by tina07 (In loving memory of my father,WWII Vet. CBI 10/16/42-12/17/45, d. 11/1/85 -Happy B'day Daddy 2/20/23)
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To: timetostand

IN NOVEMBER!!!!!!!!!!


44 posted on 04/23/2010 1:03:20 AM PDT by tina07 (In loving memory of my father,WWII Vet. CBI 10/16/42-12/17/45, d. 11/1/85 -Happy B'day Daddy 2/20/23)
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To: HD1200
Wheres that "HA HA " picture?

45 posted on 04/23/2010 1:05:05 AM PDT by timestax (The so called news media is the enemy of freedom....timestax)
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To: timestax

Oh, I see the bull horn one above.


46 posted on 04/23/2010 1:06:09 AM PDT by timestax (The so called news media is the enemy of freedom....timestax)
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To: BooBoo1000

Because they paid back TAXPAYER MONEY WITH TAXPAYER MONEY, get it?


47 posted on 04/23/2010 1:06:35 AM PDT by tina07 (In loving memory of my father,WWII Vet. CBI 10/16/42-12/17/45, d. 11/1/85 -Happy B'day Daddy 2/20/23)
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To: your local physicist

I thought the Troubled Asset Relief Program money was to go to banks and other financial institutions to cover the housing bubble problem. What is General Motors doing with ANY of it?


48 posted on 04/23/2010 5:21:21 AM PDT by Mind-numbed Robot (Not all that needs to be done needs to be done by the government)
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To: HD1200
I worked with and for for Ed Whitacre for 30 years...in all that time, I never suspected he was a prostitute........

He certainly appears to be a prostitute, useful idiot, and sadly a fool......in his absurd proclamations regarding his "SUCCESSFUL" loan payoffs.

I do recognize his ego............

Hey Whitacre.....where did you get the cash to payoff those loans.....come on...admit it...because we all know..... How could you be so.....so....._______________?

49 posted on 04/23/2010 5:47:44 AM PDT by cbkaty (You have enemies? Good. That means you've stood up for something, sometime in your life---Churchill)
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To: Oldexpat

How the heck can the Obama lovers still be touting this as a “success” for his administration???!


50 posted on 04/25/2010 2:56:04 PM PDT by amutr22
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To: amutr22

I use the term “knee padding” for those types.


51 posted on 04/25/2010 2:59:40 PM PDT by GlockThe Vote
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To: HD1200
So basically, General Motors paid off their VISA with their MASTERCARD? And that's supposed to be a Good Thing?

-PJ

52 posted on 04/25/2010 3:03:33 PM PDT by Political Junkie Too ("Comprehensive" reform bills only end up as incomprehensible messes.)
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