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Absolutely. Damian paletta and james tankersley, thank you both for being with us today. Thank you. [captioning performed by national captioning institute] [captions Copyright National cable satellite corp. 2014] like hsbcake a case that got a 1. 9 billion settlement levied at them a year ago. Of the deferred prosecution theyment is they admitted have laundered as much as 850 million for a pair of central and south American Drug cartels. We are talking that not only did they commit minor financial infractions, technical infractions, we are talking about an organization that was operating at th...

Responsibility and liability in this entire issue. Have you met with them and with the Engineering Team that was responsible for this switch . I have not met with the specific Engineering Team that is responsible, but i am speaking to leadership and those individuals are being interviewed as part of the investigation. Now, going back, did you say that this was a defective part when you talked about it earlier . We have learned when we knew when the recall decision was made and we later went back and looked at the chronology, theres points that suggest, and thats why were doing the investigatio...

Person was the one that decided not to recall the defective version . Where did where in the timeline is that . I dont know but that is part of the investigation that were doing. Do you know when it was that it was discovered, what year, what you know, where in the timeline that it was discovered that, in fact, a new part number was not assigned . I became aware of that after we did the recall and the timeline was put together. So that was just in the last month or so. Is that right . Thats when i became aware. But when did gm recallize that no new part number had been assigned . Again, thats ...

It would vibrate and tear the keys off the teeth. But never once did i have that shut off. For me, they made pretty good ignition switches. Can you tell me how many models gm makes today . Around the globe over 100. 100 different models. Can you tell me how many ignition switches they make . Well we sell if you have 100 models how many different ignition switches would there be. I cant answer that question i dont know. Gm has proven i dont understand this reinventing the wheel. That every car has to have a different set of circumstances to make sure that it meets the qualifications. I recommen...

Switch. If you had a heavy key chain like my mom key chair or if you had if you were short and bumped up against the ignition with your knee, it could cause this key to switch right off. Mr. Chairman, we now know that these switches were defective from the start. In february of 2002, gms ignition switch supplier dell if i informed the company that the switch did not meet gms minimum specifications. But gm approved it anyway. Now, yesterday we sent ms. Barra a letter about this decision. I would like to make it a part of the hearing record. Without objection. Soon after the approval, the cars w...