GM paid back the loan but didn’t pay back the 45 billion dollar stock swap.
The Bank Bailouts were paid back, but the excessive reserves were not which dwarfed the loans.
For scale imagine I gave you a small city and 1000 dollars. You paid me back 1050 dollars. Then I never shut up about how I made a profit and enjoy my small city. No exaggeration a small city is the kinda money we are talking about. The excessive reserves program went into the 100s of billions.