While General Motors is busy making marketing hay from its early payoff of $5.8 billion in loans, Senator Chuck Grassley and House Representative Darrell Issa aren't buying it. "It looks like GM merely used one source of TARP funds to repay another," said Grassley of General Motors financial moves. Grassley has asked for justification of the creative money-shuffling from Treasury Secretary Timothy Geithner.
General Motors Loans
- Zach Bowman
- Apr 22, 2010
General Motors pays its loans early – Click above to view the video after the jump
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