Amount of taxpayer funding given to GM and GMAC comes to a staggering $50.4 billion.
Post Tagged with: "GMAC"
January 24, 2011 10:31
Budget Deficit Accounting Fraud and the Off-Balance-Sheet Student Loan Scam; Time to Scrap Entire Student Loan Program
Inquiring minds have been wondering why the federal debt has been rising far faster than cumulative federal deficits. The short answer is off-balance-sheet scams like student loans and Fannie Mae and Freddie Mac “assets”.
April 27, 2010 06:42
SEC IG Probes Timing of Goldman Sachs Suit and Financial Reform Legislation
Less than 30 minutes after the Securities and Exchange Commission announced its lawsuit against Goldman Sachs, the Democratic National Committee sent mass e-mails proclaiming that the action shows the need for passage of financial reform legislation –- currently the top priority for President Obama.
April 27, 2010 06:30
Obama and Dems hiding real cause of financial crisis – Washington
Public hates bailouts and the ‘financial reform’ bill is a blank check for bailouts
April 27, 2010 04:34
Obama and Reid using politics to push bailout bill at expense of taxpayers
Obama and the Dems want to be able to select who gets bailed out and which creditors get the bailout money. Remember how GM and Chrysler creditors got stiffed while unions made out like bandits? This bill will institutionalize that type of corruption.
February 3, 2010 05:08
‘straight-up money laundering’ ‘Chicago politics on a $30 billion scale’
Obama is taking a step toward using the $700 billion Wall Street bailout as a slush fund, a possibility many worried about when the Troubled Asset Relief Program was first created during the economic panic of 2008. ‘TARP should not be a piggy bank.’ said Sen. Judd Gregg, NH Republican and ranking member on the Senate Budget Committee
