Thread: GM - A swindle?

New information has come to light on the GM bailout.

GM was not as broke as they made out. They cooked the books because of an under the table, and illegal deal.

GM took most of it's cash and moved it to GM Canada to keep GM Canada from going bankrupt. This happened right before the Obama bailout.

This information was withheld from the Bankruptcy Judge. It came to light because of a lawsuit by the unsecured lenders that lost their money.

What GM did was illegal. The judge now has the authority to reverse the whole GM bailout. It is my understanding that bankruptcy laws were completely ignored when the lenders were sent packing and GM was given to the Unions.

Do you think the judge should reverse the decision?

Do you think he will?

http://www.thetruthaboutcars.com/201...m-canada-deal/