Elizabeth Warren actually said...

"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."

"Going from $21 billion to $3 billion doesn't look like it fixed itself and that it only started coming back once TALF was in place, a TARP program."

"Without GMAC, GM was unlikely to survive?"

"You left the equity intact, all of the debt continued to be repaid at 100 cents on the dollar; a far better deal to have been an investor in GMAC than to have been an investor in GM."