Edward Whitacre, Jr., Chairman of General Motors, announces that GM has paid back its 8,100,000,000 “dollars” in bailout loans from the Troubled (worth less) Asset Relief Fund–with interest, and years ahead of schedule.

       NOTE: These loans were paid back not with funds earned by selling automobiles, but with money set aside with the department of the treasury, from the Troubled (worth less) Asset Relief Fund.

       [added 3/13/2022] Thanks to Freedom’s Phoenix for this entry.

Subsequent Events:

4/28/2010                   9/2/2010                  8/2/2011

References:

General Motors Repays Bailout Loans Early – DailyFinance
www.dailyfinance.com/story/general-motors-repays-bailout-loans-early/19448388/

GM’s Bailout Payback Claims: Untrue at Any Speed! Or, Wasn’t It Supposed to be Used Car Salesmen Who Were Such Liars?
reason.com/blog/2010/05/04/gms-bailout-payback-claims-unt

Current U.s. National Debt:

$36,167,124,467,492

Source