Thursday, April 22, 2010

GM repays loan to US…actually, not really | Radio Vice Online

Details, it’s always about the details.

 

GM repays loan to US…actually, not really | Radio Vice Online

April 22, 2010 at 3:41 pm by SoundOffSister
 

It was with great fanfare yesterday that General Motors announced that it was repaying some $4.7 billion of $6.7 billion in loans it received from the federal government.  And, with even bigger fanfare, it was announced that this partial repayment was being made some five years earlier than expected.

Too good to be true?  Well, it is.

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