GM ad glosses over the reality

[6 Shooter]

Big Ed appears to have stepped into a big muddy.

In a TV ad that is generating the kind of publicity you don't want, GM CEO Ed Whitacre strides across the screen saying the federally controlled automaker paid back its "loan, in full, with interest, years ahead of schedule." What he doesn't tell viewers is that a) the repayment of $4.7 billion came from taxpayer funds advanced to GM and b) that the feds still hold 61 percent of GM -- valued at something like $43 billion.​

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The Detroit News

 

[vett boy]

It's getting to the point that if anyone ever told the whole truth no one would believe 'em

 

[6 Shooter]

Truth - Your boy won last night!

​

 

[vett boy]

Kiss my #7 ;squint:

 

[6 Shooter]

Hey - She loves ya man!

 

[killain]

I believe the correct dollar amount of the GMC stock "Owned" by the citizens of this wonderful country is 56.2 Billion. However, it might as well be 562 billion, cause the chances of us ever seeing any of that money back is EXTREAMLY slim to nonexistent ! :duh