After the IPO and the Government has, hopefully, receded from the field here, how will we know if the taxpayers' investment was a success?
Elizabeth Warren
The Public Record
Elizabeth Ann Warren is an American attorney, academic, and politician serving as the senior United States senator from Massachusetts since 2013. A member of the Democratic Party, she has been a prominent advocate for consumer protection, economic equality, and corporate regulation. Warren gained national recognition for her work in establishing the Consumer Financial Protection Bureau and has focused on issues such as student debt relief and healthcare reform during her tenure in the Senate.
We will have regular reporting responsibilities to the U.S. Treasury on things like cash flow, liquidity, and annual plans.
Today, we are here in Detroit, Michigan to examine the Treasury's use of TARP funds to support the automotive industry.
So you would say neither more nor less intrusive than one would ordinarily see for an investor of this----
So can you give me an idea, Mr. Borst, about your estimate of capital needs in the near and medium term and how you plan to deal with them?
the creditors of Chrysler and GM received more than they would have received had the Government not stepped in.
I understand that at the time you purchased your bonds, you paid 43 cents on the dollar for them.
the cooperation and support of the UAW is essential to the ability of the reorganized companies to succeed.
Exiting in the fastest possible way in return for getting the lowest cost for the taxpayer may not be ultimately beneficial.





