Read It Here First

http://www.futureofcapitalism.com/2010/04/read-it-here-first-48

General Motors CEO Ed Whitacre's Wall Street Journal op-ed column claiming the GM bailout money had been "Paid Back in Full" was the subject of posts here on April 20 ("Nonsense," "spin") and April 22. Scott Johnson of the Powerline blog, who is a lawyer, weighed in April 25, writing, "If Whitacre's column were subject to the securities laws, Whitacre would be guilty of fraud. Or so it appears to me." The Washington Examiner had an April 25 editorial reporting that GM also made the full repayment claim in newspaper advertisements and saying, "it seems entirely appropriate to ask if GM's repayment claims were 'suggested' by somebody in the Obama White House."

by Editor  |  Apr 25, 2010 at 10:56 pm Related Topics:  Auto Industry, Press receive the latest by email: subscribe to the free futureofcapitalism.com mailing list