Mike Johanns actually said...

And that is what happened with shareholders in General Motors. They basically have a stock certificate that is a worthless piece of paper.

Johanns highlights the loss faced by General Motors shareholders post-bankruptcy.

06/09/2009

More Mike Johanns Quotes

You know, that is the other part that I take away from your report, that, boy, this was, when you really came down to it, kind of a no-brain...

Fifty-billion dollars plus got out the back door before this thing collapsed.

You know, and I do not know if I should be reassured by that or not, because what you have just described for me is massive, complete, total...

There is no question that we in the Federal Government must do better.