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CSPAN2 June 5, 2009



whew this hearing is important da winners and losers. if you re looking for two great companies maybe we look at management, policies at government and state levels, regulations that we put on our companies. some of it got way overboard as far as what s affordable. we can see those as a mix. it maybe caused some of the problems. we can t blame the stockholders, the ones who believed in your companies and put your money in it. we can t blame the customers who trusted the brands and bought the cars. we can t blame the investors who invested their life savings, sweat equities. these are private companies out there extending the value of your companies. and now we look at the winners and losers as the private doors open up. those that caused the problems are owning nearly 80% now of general motors. those that believed in risk and paid into it, the stockholders, the customers, the dealers. they lose everything. that s what political decision-making does. because that s no ....

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