What you weren’t told was that GM was able to repay the money by drawing down on a line of credit that it had from TARP!  In other words, GM took funds still available to it through TARP and used those funds to repay the loan it received from the government.  Of course, it now owes $4.7 billion on its line of credit with TARP, but, that doesn’t make for good news, so it wasn’t reported.

From RadioVice Online

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