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Tag Archives: government loan

Barrack Obama and CEOs
ChryslerGeneral Motors

President Obama stated the auto industry bailout was paid off

President Barack Obama said that the bailouts that the government funded for the American automotive industry had paid off. The announcement made it to the public via the president's Web address last Saturday. The Web address on Saturday was joined by his weekly radio announcement as they hosted Obama's message purposed in offering confirmation in keeping political pressure up for an...

GM CEO Ed Whitacre
General Motors

General Motors and their money

According to an announcement made today by Ed Whitacre, CEO of General Motors, the company has payed back the government loans in full today. The sum sent by GM to the US Treasury and Export Development Canada comes to a total of 5.8 billion dollars. The company seems to be doing really well and has not only managed to bay...