GM's False Payback

LIES!!! Completely false. Okay lets go through a little recent history first. For GM's bailout, the US Fed purchased $49.5 billion in GM stock and gave them a loan of $6.7 billion. In addition to this GM was allowed a $13.4 billion line of credit in TARP.

What GM is referring to when they say they have paid back their loan in full is that they have tapped into that $13.4 billion line of TARP credit in order to pay off the $6.7 billion loan. So GM still owes the US just as much as it did before. They just did a little window-dressing to make it look like they did something good. Look at their financials. They still are no where near having a positive operating income.