GM paid back their loan ... or did they?

The Obama White House and the MSM ballyhooed the fact that General Motors paid back its loan last week. But what about the other $60 billion it received from the U.S. government? National Public Radio looked into it:

The news that General Motors repaid some of its loan last week was hailed by the White House and others. But the picture is not that rosy. Guest host Jacki Lyden talks with Micheline Maynard, senior business correspondent for The New York Times.

NPR checks out the rest of the story. The transcript is here ... the audio is here.

H/T to Dave

Update: H/T to Paul for passing along the Forbes.com link that delves even deeper into the GM story.