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

I can state unequivocally Congress never intended for nonfinancial end-users to be subject to costly margin requirements.

I think all of us agree that the CFTC must have smart, forward-leaning regulation.

Would you be confident in testifying to the subcommittee today that under the current atmosphere, the current approaches, that Madoff could ...

This is not a Republican versus Democrat issue. The measure has gained strong bipartisan support.