Zeev's Turnips Talk Politics (ZTTP)

[mlsoft]

EZ...

"Over-lending on a loan to achieve quick initial repayment (and thus inflate the loan's perceived value), in the private economy, is called fraud. Where did GM come up with the money? It's a question that merits asking."

Good post.

I have been pointing out that same thing for a good while now. The "sudden recovery" of GM is a smoke and mirrors farce. The unions and a socialist government are now running the company and we, the taxpayers, will therefore be subsidizing GM forever.

mlsoft