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Re: The financials review
By:Shifu the ONE NOW
Date: 4/26/2010, 3:15 am
In Response To: Re: The financials review (Z)

You want to know another bald faced lie?
THE PUBLIC SHEEP MINDED NEWS (LIES) SUCKERS !

US Government Motors (GM)
Have you seen the recent NEWS commercials running where the CEO of GM claims the company has "proudly paid back the government in full" or some similar claptrap? The claim is utter, complete, pure political nonsense! In short, as the "US Government Motors" is lying !

You didn't really believe that drivel when you heard "IT"... did you? Of course you didn't !!! When you heard the commercial, I am sure your bull$h#!t news detector went haywire. But haven't looked into yet. Well, let me explain "IT" to you in a truthful way.

The USA inspector general for the mother of all bailouts, also known as the Trouble Asset Relief Program, or "TARP", agrees. Watchdog Neil Barofsky told the Senate Finance Committee that General Motors used bailout money to pay back the federal government, ha ha ha suckers. Used your own taxes to pay you back with LOL. You heard that right, Government Motors (GM) tapped other bailout funds... to pay back a portion of its bailout. Call it a money shuffle or 3-card-monte hustle or the pea and shell game, if you like, but do NOT call "IT" "paid in full" like the liar in the commercial.

Senator Grassley said in a letter that a SEC form filed by GM showed that $6.7 billion of the tens of billions the company received was sitting in an escrow account and available to be used for repayment. He called on Tax-Cheatin-Timmy to provide more information about why the company was allowed to use bailout money to repay bailout money, and how much of the remaining escrow money GM would be allowed to keep.

"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 from selling "IT"S" cars !!! As GM and the US government administration have claimed (LIED) in their speeches !!! Press releases and television commercials," LOL. YOU PUBLIC SUCKERS !
1. As mentioned - what was paid was simply taken from one tax payer's pocket and put into another; therefore, it is still owed to the taxpayer.
2. The newly owed sum of money is surely free of TARP restrictions so the "talent" at GM can earn bonuses again.
3. The government owns about 70% of GM's worthless stock.
4. GM still owes over $50 BILLION to the taxpayer.
5. Last quarter alone, GM managed to LOSE $3.4 billion.
6. GM's pension plan is underfunded by more than $27 billion.
7. Guess who's on the hook for #6? Yep - YOU.

GM is still MASSIVELY in debt and now in the propaganda game.

Trade well and follow "THE NOW PRICE TREND, not the so-called "experts, what you think and the news!"

Save yourselves !

Do not "wait and rely on" other people, to make and take good care of your very own life !!!

Shifu the ONE NOW

Responses To This Message

Re: The financials review
aircraft -- 4/28/2010, 1:33 am
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