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Posted on 12/30/08 at 4:21 pm to Rivers
The UAW story and all the uproar that surrounded it served as a useful distraction, while the White House/Congress/Treasury allowed 10's, maybe hundreds of billions of dollars to disappear into a blackhole that has no accountability.
Posted on 12/30/08 at 4:50 pm to SnowMan77
You really need to give up this UAW crusade man. Please tell me when you've seen such a populist uproar to a Congress vote such as that which happened when they were voting on the TARP bill. In my short lifetime, it is unquestionably paralleled. BTW, THAT IS THE SAME frickING MONEY.
Posted on 12/30/08 at 4:56 pm to kfizzle85
No shite, Sherlock. $350 billion has been given away in tarp and people have been quoted as saying much of that $350 billion was given away "so fast that it could not be kept track of" - which to me should be the hugest scandal of the century.
Yet, the loans to GM are the #1 focus, even though they are a fraction of the amount of money that is "lost". Atleast the GM loans are supposed to be paid back with 5% interest.
Yet, the loans to GM are the #1 focus, even though they are a fraction of the amount of money that is "lost". Atleast the GM loans are supposed to be paid back with 5% interest.
This post was edited on 12/30/08 at 4:58 pm
Posted on 12/30/08 at 5:25 pm to SnowMan77
quote:
Atleast the GM loans are supposed to be paid back with 5% interest.
Do you have any idea what you're talking about, or do you just constantly talk out of your arse?
Please go read wtf the TARP is before you make comments like this.
Directly from the god-damn term sheet:
quote:
The Senior Preferred will pay cumulative dividends at a rate of 5% per
annum until the fifth anniversary of the date of this investment and
thereafter at a rate of 9% per annum.
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