03/01/2021
https://www.congress.gov...
"So, the notion that somehow we save money by propping up a weaker, more impaired company than we do by cleaning it up and putting it on the block just doesn't add up for me."
"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.'"