"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."
"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."
"I'm not commenting on what the prior Administration did, I'm just observing what they did."
"Thank you. I'm past my time."
"The difference is, that you're trying to capitalize what is now a much stronger company."
"You wiped out all of its equity, you caused its debt to have to take a haircut, and that's what helped put it back on firm footing."
"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."