On the recordFebruary 24, 2010
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.
Source
congress.govEditor's note · Context
Warren contrasts the treatment of GMAC with that of GM in bankruptcy.
Share & report
More from Elizabeth Warren
Oct 16, 2025
In a free market, credit flows fairly to businesses because they can use the money productively, not to the President’s cronies because of their political connections.
Oct 16, 2025
Trump’s financial regulators just fast tracked an approval of this risky venture that could set up another bailout funded by American taxpayers and destabilize our banking system.
Oct 15, 2025
if the administration fails to act, millions of Americans will be pushed to financial ruin.
Other voices in this conversation
