Government Union Worker
New member
of schedule? Why does GM fail to point out that they also received $50 billion from TARP which was created to bailout automakers and financial institutions.
$43 billion of GM's TARP funds were used to buy a 61% majority position in GM stock.
And that cash was used to pay back the government loan - so what's the difference ?
Didn't the taxpayers still get screwed either way?
http://www.suite101.com/content/gm-ad-claiming-repayment-of-government-loans-possibly-deceptive-a231733
$43 billion of GM's TARP funds were used to buy a 61% majority position in GM stock.
And that cash was used to pay back the government loan - so what's the difference ?
Didn't the taxpayers still get screwed either way?
http://www.suite101.com/content/gm-ad-claiming-repayment-of-government-loans-possibly-deceptive-a231733