Thursday, May 21, 2009

Taxpayers Will Give Away $7.50 Billion More To Government Motors

Treasury Secretary Tax Cheat Timmy Geitner, will give away another $7.50 Billion Dollars of the taxpayers money to GMAC---Government Motors soon may be seeking Bankruptcy Protection from its Creditors early next month?

On Tuesday I wrote here that the Obama Administration has seized
GM healthy assets depositing them into a new company owned by
the federal government, leaving the toxic assets in Bankruptcy Court, which will end up screwing their creditors.

More here from The Detroit News