Electric Cars, GMAC and Corruption

There is a lot of hope in the green community, the friends of anti global warming, and so on, the true environmentalists, in the next generation of electric cars. This is highlighted by the promised 2010 advent of the Chevrolet Volt. In the meantime, GMAC is demanding a good slice of the next tranch of the $700-million US Treasury Bailout.

We at greenscenedebate.com beg to differ. The green cars may be needed, but from a National Production Company to be set up. GMAC is half owned by Cerebrus hedge fund, in the heart of the ripoff beast. Ezra Merkin, current chairman of GMAC was put there by Cerebrus. Merkin in turn used his hegde fund as a key conduit of funds to disgraced $50-billion Ponzi boy, Bernard Madoff. He made off with the gold.