New zl1 OR Fix up 02
Overdrive Member
Joined: Nov 2006
Posts: 4,042
From: IL
The government enabled GM to "cook the books" -- where their tax debt was made to disappear, putting generations of Americans further in debt as slaves ($14.28 Trillion+ U.S. National Debt Clock : Real Time )
Judge Andrew Napolitano spelled it out on his Freedom Watch show 3-18-11. GM was allowed to use $45 Billion in pre-bankruptcy losses to offset its post-bankruptcy income, which is unheard of in modern times. The Treasury owns 79% of GM, and they created the false impression that GM was profitable. Repaid their debts? Not even close!
The loans were repaid not with GM earnings (in fact, SEC filings show GM expected to have negative net cash flows in the fourth quarter of 2009) but rather from GM tapping into a multi-billion-dollar TARP-funded escrow account (read as spent with IOUs to We The People!).
Judge Andrew Napolitano spelled it out on his Freedom Watch show 3-18-11. GM was allowed to use $45 Billion in pre-bankruptcy losses to offset its post-bankruptcy income, which is unheard of in modern times. The Treasury owns 79% of GM, and they created the false impression that GM was profitable. Repaid their debts? Not even close!
The loans were repaid not with GM earnings (in fact, SEC filings show GM expected to have negative net cash flows in the fourth quarter of 2009) but rather from GM tapping into a multi-billion-dollar TARP-funded escrow account (read as spent with IOUs to We The People!).
Last edited by libertyforall1776; May 9, 2011 at 05:59 PM. Reason: added loan repay detail
3rd Gear Member
Joined: Jun 2010
Posts: 1,365
From: Phoenix, AZ
The government enabled GM to "cook the books" -- where their tax debt was made to disappear, putting generations of Americans further in debt as slaves ($14.28 Trillion+ U.S. National Debt Clock : Real Time )
Judge Andrew Napolitano spelled it out on his Freedom Watch show 3-18-11. GM was allowed to use $45 Billion in pre-bankruptcy losses to offset its post-bankruptcy income, which is unheard of in modern times. The Treasury owns 79% of GM, and they created the false impression that GM was profitable. Repaid their debts? Not even close!
The loans were repaid not with GM earnings (in fact, SEC filings show GM expected to have negative net cash flows in the fourth quarter of 2009) but rather from GM tapping into a multi-billion-dollar TARP-funded escrow account (read as spent with IOUs to We The People!).
Judge Andrew Napolitano spelled it out on his Freedom Watch show 3-18-11. GM was allowed to use $45 Billion in pre-bankruptcy losses to offset its post-bankruptcy income, which is unheard of in modern times. The Treasury owns 79% of GM, and they created the false impression that GM was profitable. Repaid their debts? Not even close!
The loans were repaid not with GM earnings (in fact, SEC filings show GM expected to have negative net cash flows in the fourth quarter of 2009) but rather from GM tapping into a multi-billion-dollar TARP-funded escrow account (read as spent with IOUs to We The People!).
Last edited by Buffalo02Z28; May 10, 2011 at 01:26 AM.
2nd Gear member
Joined: Apr 2011
Posts: 317
3rd Gear Member
Joined: Oct 2008
Posts: 1,310
B4C was a trim for police and law enforcement
"The Chevrolet Camaro B4C is a Chevrolet Camaro equipped with a "Special Service" police package, also known as B4C Special Equipment Options code. The package was offered on the Camaro between 1991 and 2002.
The B4C package has heavier-duty features over a standard Camaro as well as some options specific to the installation of police equipment. The Chevrolet Camaro B4C option has been available since 1991 when it was introduced. The 1992 version of the Camaro B4C (Special Service Package) got the addition of 1LE brakes and suspension, making it the best performing third generation Camaro available with air conditioning.
The B4C option was also deemed popular enough to be carried on to the fourth generation model. Heavy duty features include oversized front and rear sway bars, high-output alternator, larger (in years after 1991) four-wheel disc brakes, separate engine, power steering, and transmission oil coolers, and certified 145 mph (233 km/h) speedometer. Most of the heavier duty option parts come from a combination of parts from both the regular Z28 and the racing and handling package of the special 1LE option list."
"The Chevrolet Camaro B4C is a Chevrolet Camaro equipped with a "Special Service" police package, also known as B4C Special Equipment Options code. The package was offered on the Camaro between 1991 and 2002.
The B4C package has heavier-duty features over a standard Camaro as well as some options specific to the installation of police equipment. The Chevrolet Camaro B4C option has been available since 1991 when it was introduced. The 1992 version of the Camaro B4C (Special Service Package) got the addition of 1LE brakes and suspension, making it the best performing third generation Camaro available with air conditioning.
The B4C option was also deemed popular enough to be carried on to the fourth generation model. Heavy duty features include oversized front and rear sway bars, high-output alternator, larger (in years after 1991) four-wheel disc brakes, separate engine, power steering, and transmission oil coolers, and certified 145 mph (233 km/h) speedometer. Most of the heavier duty option parts come from a combination of parts from both the regular Z28 and the racing and handling package of the special 1LE option list."
I read that earlier to familiarize myself with the term lol
