The Competitive Enterprise Institute today filed a formal complaint with the Federal Trade Commission, arguing that General Motors misleadingly claimed in a national TV ad that the company has paid back taxpayer bailout loans.
In the complaint, CEI urges the FTC to investigate the GM ad campaign entitled “GM Repaid Government Loan Ahead of Schedule.” The ad features GM’s Chairman and CEO, Ed Whitacre, who declares that “we have repaid our government loan in full, with interest, five years ahead of the original schedule
Asked by Anonymous at 10:30 PM on May. 11, 2010 in Politics & Current Events
Answer by usmom3 at 10:57 PM on May. 11, 2010
Answer by Jademom07 at 11:06 PM on May. 11, 2010
Yes, they should be punished. But any punishment we give them will just cost tax payers more money, since taxpayers still own the damn company.
Answer by dandydiane at 11:16 PM on May. 11, 2010
Answer by mancosmomma at 11:19 PM on May. 11, 2010
Answer by May-20 at 1:57 AM on May. 12, 2010