"General Motors chairman and chief executive officer Ed Whitacre took to the pages of the Wall Street Journal last week to announce "The GM bailout: Paid back in full. ......
TARP Special Inspector General Neil Barofsky: "I think the one thing that a lot of people overlook with this is where they got the money to pay back the loan. And it isn't from earnings....It's actually from another pool of TARP money that they've already received. I don't think we should exaggerate it too much. Remember that the source of this money is just other TARP money."
Federal securities laws take a dim view of a company omitting the disclosure of information that is necessary to make disclosed information not misleading. The omission of such information is known as lying through omission: " [Power Line]
TARP Special Inspector General Neil Barofsky: "I think the one thing that a lot of people overlook with this is where they got the money to pay back the loan. And it isn't from earnings....It's actually from another pool of TARP money that they've already received. I don't think we should exaggerate it too much. Remember that the source of this money is just other TARP money."
Federal securities laws take a dim view of a company omitting the disclosure of information that is necessary to make disclosed information not misleading. The omission of such information is known as lying through omission: " [Power Line]
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