PunditKix - Donklephant » GM Repayment: Beyond the Headlines

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Donklephant » GM Repayment: Beyond the Headlines

published 288 days, 21 hours, 33 minutes ago posted by

http://twitter.com/account/profile?user_id=29588209 291 days, 11 minutes ago

Donklephant » GM Repayment: Beyond the Headlines

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 the Washington Post’s “Economy Watch” analyst Frank Ahrens notes

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Donklephant » GM Repayment: Beyond the Headlines

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