GM Repays Government, in a Manner of Speaking | The Freeman | Ideas On Liberty

April 22, 2010

Exerpt:

In his exchange with Cavuto, Barofsky said:

“The one thing a lot of people overlook with this is where they got the money to pay the loan. It isn’t from earnings. They didn’t earn and extra 4 1/2 billion dollars. So there’s money in escrow.”

“Wait a minute,” Cavuto said, “They paid off a credit line with another credit line?”

“Exactly.”

May the non-existent God continue to bless America!

GM Repays Government, in a Manner of Speaking | The Freeman | Ideas On Liberty.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: