Political Quotes

Elizabeth Warren: “You wiped out all of its equity, you caused its debt to have to take a haircut, and that's what helped put it back on…”

On the recordFebruary 24, 2010
You wiped out all of its equity, you caused its debt to have to take a haircut, and that's what helped put it back on firm footing.
Said by
Elizabeth Warren
Democratic · Massachusetts

Editor's note · Context

Warren discusses the harsh measures taken to stabilize the auto industry.

Share

More from Elizabeth Warren

Oct 8, 2026

The nurses at Brigham and Women’s Hospital have demonstrated their willingness to continue negotiating with Mass General Brigham leadership to arrive at an agreement that works for nurses, patients, and our hospitals.

markey.senate.gov
Oct 7, 2026

The Administration must stop putting industry profits over the interests of the American people.

warren.senate.gov
Oct 7, 2026

At a moment that calls for independent, transparent, and enforceable safeguards, the American people have been left with an entirely voluntary, industry-designed oversight process.

warren.senate.gov
Oct 7, 2026

Given the risks that increasingly capable frontier models pose to our national security and Americans’ public safety, the American people deserve strong guardrails set by their democratically elected officials, not a toothless framework…

warren.senate.gov

Other voices in this conversation