GM (you remember, the car company owned by all of us) is dangerously close to committing fraud, you see, they haven’t REALLY paid back any loans to the government (me and you) they just shell gamed us and ran with the lie on the advertisements that we all paid for. See, we paid for the lie to be told to us with our own money! Isn’t life in the Third World Kleptocracy wonderful!
GM ‘Close to Committing Fraud’ in Ad, Lawmaker Charges
David Shepardson / Detroit News Washington Bureau
Washington — A senior Republican criticized General Motors Co. decision to run television advertisements featuring the company’s CEO that tout its repayment of $6.7 billion in government loans.
Rep. Darrell Issa, R-Calif., the ranking member of the House Oversight and Government Reform Committee, said in a letter obtained by The Detroit News today to GM chairman and CEO Edward Whitacre Jr. that the company “has come dangerously close to committing fraud and that you might have colluded with the U.S. Treasury to deceive the American public.”
GM’s ads featured Whitacre touting that fact that GM “repaid our government loan in full, with interest, five years ahead of the original schedule.”
Issa called on GM to stop running the television advertisements. But GM spokesman Dave Roman said the ads stopped running as scheduled on Tuesday night.
At issue is the fact that GM received $50 billion in U.S. government bailout funds — but about $43 billion of those were swapped by the government in exchange for a 61 percent majority stake in GM.
GM had $17.4 billion of those funds in escrow — and GM tapped unused funds from that account to repay the taxpayers for the loan portion. But it won’t be clear for years whether taxpayers will be completely repaid until the government sells all of its shares in the company.
From The Detroit News: http://detnews.com/article/20100429/AUTO01/4290473/1148/rss25#ixzz0meBFs55o


People banned from LGF for supporting fascists and/or being hostile obsessive jerks whine endlessly about being “censored” (with no sense of irony whatsoever) as the 

Robert Spencer really has some nerve to complain, when I have posted not a single front page article on this subject, have limited my own public comments on the matter, and have even told a few people to pipe down when they started gloating over something or other.
And he whines about “libel” in the midst of a thread full of whacked out comments dripping with personal insults and hatred directed at me, while at his site, he links to a blog that’s run by some seriously disturbed stalker types banned from LGF for posting comments about violence and other deranged activities. All while whining about “libel.”
Charles allows the bashing of The Judeo-Christian Faith, Serbs, Social Conservatives and Legal Hispanic Immigrants over at his site. He’s a hypocrite and a fake. He allows Al-Qaeda supporter Medaura to push her vision for an Greater Islamic Albanian Emirate in the Balkans. But if you criticize Islam, you get banned.
Hey Charles why do you allow comments like this:
re: #475 Throbert McGee
Of course, you could’ve said similar about the (great-)grandparents of many Americans today, but the current situation with Hispanics may be different in that the influx is occurring faster than one can reasonably expect the newcomers to assimilate linguistically and culturally — even assuming that all of them feel highly motivated to assimilate, which isn’t always the case.
This is clearly anti-Hispanic. Illegal Immigration is one thing. I’m against that. But to bash Hispanics who come from the same Judeo-Christian Culture that America sprang from is ignorant. I bet if you bash Muslim immigrants Charles will ban you. Oh wait, that has happened!
Charles I know you read this site, you are fake and a fraud. Savage, Avideditor, I and now Robert Spencer are revealing your true mask. You are a Cult Leader and a washed up Rocker. Your Blog’s demise is coming and we will celebrate!