11/27/2017
https://www.congress.gov...
"So, what I'd like to start with is--I just want to make sure I understand the business model."
"Well, but if we're talking about time, I mean, I presume the possibility of a quick 363 sale, as happened in the auto industry, could have made this a relatively speedy procedure----"
"If it had been up to me, I would have told the banks, all of them including GMAC, 'Take the TARP money, charge it off.'"
"All right, so GM is offering, in effect, to pay a portion of the consumer's finance cost."