Friday, April 23, 2010

Thank You GM! All TARP Funds Paid With TARP Funds Early!

Hey, but they paid early!!!

Grassley Slams GM, Administration Over Loans Repaid With Bailout Money
"The bottom line seems to be that the TARP loans were 'repaid' with other TARP funds in a Treasury escrow account. The TARP loans were not repaid from money GM is earning selling cars, as GM and the administration have claimed in their speeches, press releases and television commercials."

Hey Mom, if you loan me even more money, I'll pay you back what I borrowed before. Then we'll be even, right?