Well not really, GM was able to repay the money by drawing down on a line of credit that it had from TARP! In other words, GM took funds still available to it through TARP and used those funds to repay the loan it received from the government. Of course, it now owes $4.7 billion on its line of credit with TARP, but, that doesn't make for good news, so it wasn't reported.
ARIZONA PASSES IMMIGRATION BILL
In a controversial move and fed up with waiting for the federal government to step in and help Arizona passed sweeping legislation. The measure creates a new state misdemeanor crime of willful failure to complete or carry an alien registration document. It would allow officers to arrest immigrants unable to show documents proving they're legally in the country.
DETROIT POLICE: STRIP CLUB EMPLOYED 14 YEAR OLD
The manager of a Detroit strip club was charged after authorities learned a 14-year-old girl was employed as a topless dancer, making several hundred dollars a night, authorities said Friday. The 31-year-old manager of the All Star topless bar was arraigned Friday on a charge of child sexually abusive activity. Andrew Hutson was arrested Wednesday night at the club on Eight Mile Road. The girl, whose name was not released because of her age, is believed to have danced at the club several nights each week, making about $350 per night, Police Chief Warren Evans said at a news conference across the street from the establishment. [FOX NEWS]
VIRGINA TO TEACH GUN SAFETY IN SCHOOLS
11 YEAR OLD RAPE VICTIM WANTS TO KEEP BABY
Just a few stories, untill next time.
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