Treasury Dept.: Yeah, technically GM hasn’t paid back bailout $$. So what?
You know those very misleading ads GM has been running about how they have supposedly “paid back with interest, five years in advance” their government bailout money? Unsurprisingly, the Obama administration has also been bragging about the announcement as well, but Republican Senators rightly are not buying it, and have questioned both GM and the Treasury Dept. Here’s how Treasury responded (via blogprof):