With the big three making a profit, Chrisler pays the government back

[PLC1]

Chrysler's $7.6 billion I.O.U. paid off

NEW YORK (CNNMoney) -- Chrysler has paid back $7.6 billion worth of high-interest bailout loans to the U.S. and Canadian governments, the automaker said Tuesday.

The payback included the $5.9 billion the carmaker owed in loans to U.S. taxpayers and the $1.7 billion owed to the Canadians, Chrysler said.

On May 2, Chrysler reported its first quarterly profit since 2006. In fact, Ford (F, Fortune 500) and General Motors (GM, Fortune 500) also reported profits for the first quarter, the first time since 2004 the Big Three all reported profitable quarters.

Good economic news for a change.

 

[GenSeneca]

Shifting the debt from your Visa card over to Mastercard is now considered "good economic news"?

 

[PLC1]

Shifting the debt from your Visa card over to Mastercard is now considered "good economic news"?

The big three making a profit for the first time in years most certainly is.