Tuesday, May 01, 2012
"Obama's Bailout Success Story GM Still Delinquent..."
The Democrat Party says "A".
The Special Inspector GeneraL says "B".
I know who I believe...
The Special Inspector GeneraL says "B".
I know who I believe...
Investors.com has the real story:
"The president's new campaign video narrated by actor Tom Hanks claims GM has "repaid" its loans. But in a revelation by the special inspector general monitoring the TARP bailout program, GM and GMAC together still owe the biggest share of the remaining $119 billion TARP debt.Of the top bailout recipients, GM is the biggest laggard, the TARP watchdog says in his latest quarterly report to Congress. Bank of America, Citigroup, Chrysler and Chrysler Financial all have paid off their debt and left the TARP program. Even AIG has paid back more than 75% of what it owes taxpayers."