"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."
"Thank you. I'm past my time."
"So, what I'd like to start with is--I just want to make sure I understand the business model."
"So, you don't offer cheaper financing than anyone else does in order to support the sale of GM cars?"
"Thank you very much, Mr. Hull."
"All right, so GM is offering, in effect, to pay a portion of the consumer's finance cost."
"So, right now, your business model is that you have the exclusive right to sell, in effect, zero percent financing on GM cars."
"Without GMAC, GM was unlikely to survive?"
"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."
"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.'"
"I've always believed that people misunderstood TARP. We should not be dancing in the street because banks have repaid their TARP funds."
"This hearing of the Congressional Oversight Panel will now come to order."