Congress needs to investigate this!

He makes the same claim in this editorial:

The GM Bailout: Paid Back in Full

Uh, just two not-so-minor details:

1) The United States Government still has $50 billion sunk in GM equity; and,
2) GM paid back the loan with TARP funds -- not profits.

If Goldman-Sachs is on the hot seat for pushing a bad investment, why not GM? After all, if anyone invested in GM based on the commercial or the editorial, thinking GM was, in fact, "paid up," that would constitute fraud by many standards.

Shikha Dalmia puts the lie to Whitacre over at Forbes.com

Is Whitacre pushing people to invest in GM?

Ain't nothing gonna happen to GS (their New York lawyers will fix it all up).

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Originally Posted by Yonivore

He makes the same claim in this editorial:

The GM Bailout: Paid Back in Full

Uh, just two not-so-minor details:

1) The United States Government still has $50 billion sunk in GM equity; and,
2) GM paid back the loan with TARP funds -- not profits.

If Goldman-Sachs is on the hot seat for pushing a bad investment, why not GM? After all, if anyone invested in GM based on the commercial or the editorial, thinking GM was, in fact, "paid up," that would constitute fraud by many standards.

Shikha Dalmia puts the lie to Whitacre over at Forbes.com

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Yeah maybe we can subpoena ex-President Bush and he can also testify.

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Originally Posted by Duff McCartney

Yeah maybe we can subpoena ex-President Bush and he can also testify.

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Sure, go ahead.

Did GM pay back their loan or not? ...who gives a fuck how they paid it back...and why does Yoni hate an American company that supports American jobs?

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Originally Posted by Nbadan

Did GM pay back their loan or not? ...who gives a fuck how they paid it back...and why does Yoni hate an American company that supports American jobs?

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They borrowed from Peter to pay Peter...it all comes out of our pocket.

No, that would be if they borrowed more govt. money to pay back the original loan...they didn't...besides, give me all the GM stock I can buy when it does get offered...

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Originally Posted by Nbadan

No, that would be if they borrowed more govt. money to pay back the original loan...they didn't...

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That's right, TARP is a handout. But, he implies GM is healthy and nothing could be further from the truth.

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Originally Posted by Nbadan

besides, give me all the GM stock I can buy when it does get offered...

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I hope GM fails.

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That's right, TARP is a handout. But, he implies GM is healthy and nothing could be further from the truth.

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They are healthy enough not to need stimulus money, that's good enough for me, but they also dumped billions in loans and obligations, with the new stylish vehicles lines, the outstanding new powertrain warranty, their liberal return policy, and Toyota circling the drain, like I said, give me all the GM stock I can buy...

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Originally Posted by Nbadan

They are healthy enough not to need stimulus money, that's good enough for me, but they also dumped billions in loans and obligations, with the new stylish vehicles lines, the outstanding new powertrain warranty, their liberal return policy, and Toyota circling the drain, like I said, give me all the GM stock I can buy...

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Yeah, nice play against Toyota.

I'm still buying Ford.

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Originally Posted by Yonivore

Yeah, nice play against Toyota.

I'm still buying Ford.

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I would love to buy Ford too, but they are still selling overpriced cars because of legacy costs, and I still question their use of appropriate materials in construction of their cars, something they have been notoriously bad at, vs GM.

Congress doesn't investigate themselves on a wholesale basis. Just don't vote for incumbents. That's all we can do, and hope for the best.

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Originally Posted by Nbadan

Did GM pay back their loan or not? ...who gives a fuck how they paid it back...and why does Yoni hate an American company that supports American jobs?

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:lol You are such a brain dead liberal sheep.

They took money from the $50 billion federal loan (ie taxpayers) to pay another $5 billion federal loan (ie, taxpayers).

They essentially paid a portion of their Visa bill with the same Visa card, and you want to stroke them off for it.

Dumbass.

Yeah, I saw that ridiculous commercial and it pissed me off too

"Americans didn't want to give us a second chance. Frankly, I can respect that"


LOL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! oh my fucking god

you guys know what I am thinking in response to that douche

They need to lie to try to sell more cars to the naive people out there... what's so hard to understand?

Debunk away, but there's nothing for Congress to investigate IMO: it's not (necessarily) illegal to lie in ads and op-eds.

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Originally Posted by Winehole23

Debunk away, but there's nothing for Congress to investigate IMO: it's not (necessarily) illegal to lie in ads and op-eds.

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Exactly.

It's a fricken ad people... they're trying to fix their image with an up-beat Domino's pizza-style ad because people don't want to buy cars from companies on the dole who've been making shitty products for decades. They're going for a blank slate.

That said, it says heaps about them as a company that they tried to be slick about something so easily checkable.

Did they pay it or not? yes or no.













Now all of a sudden the 'govt is going to ration your care' crowd is complaining about false advertising?..:lmao

It is a farce that GM is trying to put over on the public, but it's not something congress needs to waste their time on.

Why do wingnuts hate America and american jobs?

GM paid their loans. Case closed. Let's investigate why wingnuts
hate America instead

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Originally Posted by George Gervin's Afro

Did they pay it or not? yes or no.

Exactly. Wingnuts want GM and america to fail. One even flew a plane
into a govt building like 9/11.











Now all of a sudden the 'govt is going to ration your care' crowd is complaining about false advertising?..:lmao

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Some of GM's new product lines are pretty good.

The 2010 Camaro series...
The 2010 Buick Lacrosse...
The New Cadillac series...
even the new Malibu has a certain appeal...

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Originally Posted by Phenomanul

Some of GM's new product lines are pretty good.

The 2010 Camaro series...
The 2010 Buick Lacrosse...
The New Cadillac series...
even the new Malibu has a certain appeal...

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The new 100k power-train warranty, and drive for 30-day policy is a no brainer. GM is a winner.

How The Hell Did GM Pay Back Its Loans "in Full And Ahead of Schedule"? Well, It Didn't.

Car views: Did Obama administration tell GM to lie about its TARP repayment?

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General Motors chairman Ed Whitacre made news last week with a series of national television advertising spots in which he claimed the company has repaid its government bailout loans in full, ahead of schedule and with interest.

Unfortunately, according to Neil Barofsky, the Inspector-General for the Troubled Asset Relief Program (TARP) under which the federal loans were made to GM, the repayments cited by Whitacre were simply made with other tax dollars made available to the automaker in its bailout deal with the government.

So in effect GM was repaying one government loan with another government loan.

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Quote:

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Originally Posted by Yonivore

How The Hell Did GM Pay Back Its Loans "in Full And Ahead of Schedule"? Well, It Didn't.

Car views: Did Obama administration tell GM to lie about its TARP repayment?

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so they paid the original loan amount off.. do you have a problem with half truth advertisements now?

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Originally Posted by George Gervin's Afro

so they paid the original loan amount off.. do you have a problem with half truth advertisements now?

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Well, as the second article suggests, it would depend on whose behest the claim is being made.

And, yes, half-truth advertisements -- by the government -- are troubling. Lest you forget, you and I -- in the form of the federal government -- are majority stockholders in GM.

Quote:

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Originally Posted by Yonivore

Well, as the second article suggests, it would depend on whose behest the claim is being made.

And, yes, half-truth advertisements -- by the government -- are troubling. Lest you forget, you and I -- in the form of the federal government -- are majority stockholders in GM.

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GM is now part of the govt?

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Originally Posted by George Gervin's Afro

GM is now part of the govt?

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Taxpayers are majority stockholders in the company.

http://reason.com/archives/2010/04/2...ailout-payback

Of course, there is an American car company that didn't take a dime of TARP and is pretty healthy, considering the state of the economy...

Ford's April sales up 25 percent

Skin of their teeth. If memory serves, a line of credit was negotiated but not used.

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Originally Posted by Winehole23

Skin of their teeth. If memory serves, a line of credit was negotiated but not used.

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In other words -- already posted -- Ford is an American car company that didn't take a dime of TARP and is pretty healthy, considering the state of the economy...

Ford's doing alright. Hats off for sure.

I guess you'd have popped a cap in GM or withheld salvation, (that) being the same thing.

Let transnational capital gobble em up.

That's a valid take, tho' not necessarily a popular one.

I wanted the same thing to happen to the megabanks and bank receivers, plus AIG

Wasn't in the cards.

Good old Yoni, a duped tool of the criminal conservatives and corps blowing smokescreen and bullshit about socialist-government-controlled GM while remaining totally silent about the real criminals in the financial and corporate sector.

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Originally Posted by boutons_deux

Good old Yoni, a duped tool of the criminal conservatives and corps blowing smokescreen and bullshit about socialist-government-controlled GM while remaining totally silent about the real criminals in the financial and corporate sector.

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Is it in Yoni's job description to make your case for you?

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Texas Lawn Sports rules. Drink for bitching, boutons.

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Social! :drunk

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Quote:

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Originally Posted by Winehole23

I guess you'd have popped a cap in GM or withheld salvation, (that) being the same thing.

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Yep.

Quote:

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Originally Posted by Winehole23

I wanted the same thing to happen to the megabanks and bank receivers, plus AIG

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Me too.