" Too good to be true? Well, it is.
What you weren’t told was that GM was able to repay the money by drawing down on a line of credit that it had from TARP! In other words, GM took funds still available to it through TARP and used those funds to repay the loan it received from the government. Of course, it now owes $4.7 billion on its line of credit with TARP, but, that doesn’t make for good news, so it wasn’t reported. "
IS anyone else getting sick of all these bald head lies? I mean deception...I mean white lies....
D
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