Our government has sold all its shares of General Motors:
Treasury Secretary Jacob Lew announced Tuesday that the government sold its remaining shares in the Detroit automaker.
The government received 912 million GM shares, or a 60.8 percent stake, in exchange for a $49.5 billion bailout during the financial crisis in 2008 and 2009. It recovered $39 billion of the money, meaning taxpayers came up more than $10 billion short.
But Lew says the rescue was necessary to save 1 million jobs and stop the American auto industry from collapsing.
I think that's a good deal, but I expect a whole lot of whining about the loss from conservatives who are unable to remember how bad things were at the time of the recession.