Marketplace is community-funded public service journalism. Give in any amount that works for you – what matters is that you give today.
This final note on the way out, in which we learn the federal government is officially out of the car business.
The Treasury Department sold what was left of its stake in General Motors today. That part of the auto bailout didn’t work out so well for taxpayers. We invested $49.5 billion four years ago.
As of today’s sale, we’ve gotten $39 billion out of it. $10.5 billion in red ink all told.
Or, if you want to break it down farther…
We lost about $10 million a day on the thing.
Saved a whole bunch of jobs, though.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.