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Originally Posted by Brazen
TARP funds were not to be payed back, so its more like using your tax return to pay off the loan.
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Yes they are loans and most financial institutions have repaid the money or in the process of repaying.
In a way it's good that GM is reducing its debt load but they are doing it by also reducing their ready cash.
The money the Government invested in GM is now locked up in ownership and can only be released at the
Initial Purchase Offer of stock later this year, if they don't get a good price, the taxpayers of USA will be the big loser, not GM.
Claiming that taxpayers have been reimbursed in full is exceedingly deceptive.