Friday, April 23, 2010

Did GM Pay Back Its Loan? Sort Of

"General Motors will make a big splash in the news today by announcing that the automaker will repay several billion dollars loans from the federal government earlier than expected. But it’s not really coming out of the GM wallet. .........

GM is taking money from the Wall Street Bailout – the TARP money – and using that to pay off their loans ahead of schedule." [Seeking Alpha]

See also: How did GM pay off its bailout loans?

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