Sunday, 25 April 2010

Pay back your bailout money with more bailout money

How much longer, fellas? This economic prop is unsustainable. 2012 or so perhaps?

Grassley Slams GM, Administration Over Loans Repaid With Bailout Money
Fox News

A top Senate Republican on Thursday accused the Obama administration of misleading taxpayers about General Motors' loan repayment, saying the struggling auto giant was only able to repay its bailout money by dipping into a separate pot of bailout money.

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