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Old April 28th, 2010, 12:44 AM   #1
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Here in Alabama, the radio stations are having a field day pointing out that GM paid back their 'bridge loan' with other TARP money, and GM's commercial is misleading.

What is the feedback in Michigan?
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Old April 28th, 2010, 03:59 AM   #2
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As far as I know , GM only got Bridge Money "loans" No other Tarp funds ... GMAC Home Finance got Tarp funds ! But GM is only a minority share holder in them now . And none of that money went to GM .
And where do they think Ford got their money ? ( 2.1 Billion 1 st. quarter profit ) the tooth fairy ?
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Old April 28th, 2010, 07:45 AM   #3
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People still think we're government-owned dirtbags.
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Old April 28th, 2010, 03:32 PM   #4
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People still think we're government-owned dirtbags.
Dosent the US Goverment own close to 40% of gm?
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Old April 28th, 2010, 03:48 PM   #5
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From what I heard, they payed back around 6 billion and still owe 40+ billion. The bullshit is that they can say loans paid back in full because the government owns the shares worth 40+ billion, so that's not a loan.
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Old April 28th, 2010, 09:01 PM   #6
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As far as I know , GM only got Bridge Money "loans" No other Tarp funds ... GMAC Home Finance got Tarp funds ! But GM is only a minority share holder in them now . And none of that money went to GM .
And where do they think Ford got their money ? ( 2.1 Billion 1 st. quarter profit ) the tooth fairy ?
What is this supposed to mean? I didn't think Ford took any loans or tarp money.
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Old April 28th, 2010, 09:02 PM   #7
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What is this supposed to mean? I didn't think Ford took any loans or tarp money.
Agreed, ford saw the shit hitting the fan a few years ago and was ahead of the curve. Please explain this....
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