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

[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.

[PMAS]

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

[tina07]

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

[tina07]

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

[tina07]

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

[timestax]

Wheres that "HA HA " picture?

[timestax]

Oh, I see the bull horn one above.

[tina07]

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

[Mind-numbed Robot]

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?

[cbkaty]

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....._______________?

[amutr22]

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

[GlockThe Vote]

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

[Political Junkie Too]

So basically, General Motors paid off their VISA with their MASTERCARD? And that's supposed to be a Good Thing?

-PJ