GM Repayment: Beyond the Headlines

Courtesy Donklephant  Mon, 11/16/2009 - 4:16pm

Our auto company GM is “repaying” some of the bailout money early !

Or so say the headlines.

But the reality is a little bit different.

Some background, in case you don’t remember all the payments you made to own 61% of GM.

The government placed $6.7 billion in a “contingency fund” in case things got worse for the auto maker.

Things seem like they aren’t getting worse, so GM will not need the money. As...


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