GM pays back it’s bailout loan…

with more bailout money.

Essentially, they’ve paid off their Visa with their Mastercard, and are calling it a sign that they’re on their way to recovery. In reality, they’ve “paid back” nothing. They’ve simply moved the debt to another account held by the same bank. It’s a shell game.

Tell me again why the bailouts were a good idea?

(h/t SayUncle)

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