11.16.2009

Are you reaching for my wallet or are you just...?

[General Motors] says it will begin repaying $6.7 billion in U.S. government loans with a $1.2 billion payment in December. It could pay off the full amount by 2011, four years ahead of schedule, but the money will come from funds loaned by the government.

link: GM reports $1.2B loss, says it shows progress - Yahoo! News

[Emphasis mine]

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