posted on Dec, 22 2011 @ 07:00 AM
Originally posted by TheImmaculateD1
reply to post by jdub297
The loan was paid back sometime this past year :
A May 2011 report form The US Government Accountability Office report on the status of the loan:
If I was bankrupt, I wish I could go to the bank, borrow $60,000 to pay for a $30,000 car then turn around and return the $30,000 I didn't need, and
then claim I've become ultra responsible in terms of managing my finances. I'm doubting that the bank would lend me anything let alone 30 grand over
what I could support with objective evidence as 'needed'.
Why was GM given billions and billions of dollars they 'didn't need' . . . tells me that the planning and set up of this whole bailout was a mere
shell game as is this whole VOLT mess thing with bloated sales reports because the majority owner of GM is buying their own product. That's not sales
. . . that's a damn book entry. It is somewhat similar to the whole 'default swap' mess . . . the crappy debt didn't go away when the banks
insured then wrote it off, they just found a way to hide it and make it all look good.
The reality, folks, is that General Motors hasn't really changed a thing. They've still got a bloated beauracracy, a grossly overpaid management
team and a whole operational arm that is solely dedicated to moving work off-shore.
And, in terms of operations, apart from gutting employment levels in North America, they've not changed a single thing in their operations
Don't ask me how I know . . . .
Further, it really doesn't matter which side of the aisle they're sitting on in the House or the Senate, or from which bloated political pig farm
the President comes . . . they're all just puppets with their strings being pulled by the same masters.
It is in their best interests to have folks such as us sitting around flinging turds at eachother trying to place blame instead of realizing that the
whole political spectrum is nothinng more than a steaming mound of corrupt, greed-infested horse crap.