“The way to obtain that has been an equity capital center. That is fundamentally money that is escrow” Barofsky stated.

Besides the outstanding stock problem, Whitacre’s statement has arrived under fire from Sen. Chuck Grassley, R-Iowa, whom notes that the loans had been paid back perhaps maybe not with GM profits (in reality, SEC filings reveal GM anticipated to have negative net cash flows within the 4th quarter of 2009) but alternatively from GM making use of a multi-billion-dollar TARP-funded escrow...
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