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.
Elizabeth Warren: “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…”
On the recordFebruary 24, 2010
Source
congress.govEditor's note · Context
Warren contrasts the treatment of GMAC with that of GM in bankruptcy.
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