EDITORIAL: Government Motors repayment fraud – Washington Times



EDITORIAL: Government Motors repayment fraud – Washington Times: “By THE WASHINGTON TIMES

General Motors lost $3.4 billion in the fourth quarter of 2009 and is still struggling to reorganize so the company can try to eke out a profit. This grim reality didn’t stop GM from making hay last week for supposedly paying back a $6.7 billion government loan five years ahead of schedule. What was left unsaid was that the automaker used another kitty of taxpayer cash to pay off the earlier government loan. This is an accounting shell game, not progress.”

Tell me something people. If you switch a credit card balance to a new credit card, don’t you still owe the same money? Honestly, these thieves have STOLEN from us TWICE now…


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