Posts Tagged ‘$50 billion bailout’


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Government Motors Protection Racket


Monday April 7th, 2014   •   Posted by K. Lloyd Billingsley at 7:05am PDT   •   1 Comment

General Motors knew about faulty ignition switches that could cause vehicle engines to turn off, disabling air bags with deadly results. Federal government investigators with the National Highway Traffic Safety Administration knew about this problem but as this report notes the NHTSA “twice passed on investigating” the faulty switches that “led to at least…
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Government Motors CEO Receives $9 Million Pay Package


Saturday September 11th, 2010   •   Posted by David Theroux at 1:57am PDT   •   2 Comments

The Associated Press reports that having received a $50 billion bailout in corporate welfare from the U.S. government, General Motors Corporation (GM) is giving its new CEO Daniel Akerson a $9-million pay package, the same deal received by his predecessor Edward Whitacre. Akerson is the fourth CEO in less than two years at Government…
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