#49 Planet Money: Car Moguls 'R' U.S.




Planet Money show

Summary: Congratulations, Americans, you're on the road to car company ownership. General Motors filed for bankruptcy protection today, in a deal that calls for the U.S. government to own 60 percent of the automaker. That works out to something like $192 per taxpayer. NPR's Frank Langfitt says two big questions remain: When will GM make money again, and how much will the United States lose?