Well, this should at least tell people where the money is going. GMAC some 4-5 years ago was flush with cash that has since evaporated into corruption. But the Barack's Billionaire Boys club is getting at least $12.5 billion.....while taxpayers get the debt.
GM/Chrysler/CAW/UAW, Obama, Democrates and corrupt sold us out.
Buffett and Tepper Bet On Housing Recovery
"According to The New York Post, value investing legend Warren Buffett and 2009 hedge fund all-star David Tepper are among those to hold large debt positions in ResCap - a real estate financing division of struggling auto lender GMAC. ResCap has reportedly lost -$10 billion over the last three years, and $12.5 billion taxpayer dollars have helped keep its parent company in business. Close calls with insolvency haven't scared the billionaire investors from another bet on the U.S. economy, and the investment theme has yielded both significant returns since the pullback."