Wait — So GM Didn't Pay Back All The Bailout Money?

Last spring, now-former General Motors CEO Ed Whitacre ruffled a lot of feathers in Washington by airing a TV commercial where he claimed that the bailed-out car company had repaid “government loan in full, with interest, five years ahead of the original schedule,” without mentioning that taxpayers still owned 61% of GM. Today, new GM CEO Dan Akerson opted for a more honest approach, not only admitting that his company still owes billions to the government, but that it’s going to take “several years” to pay it back. [More]

Saving Tips For Recent Graduates

Saving Tips For Recent Graduates

  • Keep the end goal in mind: “[Money] is most useful when you are old because it makes all the difference whether you wait for a bus in the rain to get to the doctor’s appointment or you ride in a cab.”