Quote:
Originally Posted by fbodfather
Now - there is more misinformation out there than there is good information.
The loan was paid in full with interest.
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It was paid back with money given GM by the same entity who held the loan they paid off!
It's almost like paying off your Visa with your MasterCard and saying you are debt free.
It's not rocket science guys. When I first heard the news, I knew something was not adding up. GM was in the red, and since the bailout GM hasn't turned a profit. So right off the bat I asked myself, "So where did that money come from?"