Government Bailout of General Motors

Jun 22, 2011


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House Committee Oversight and Government Reform | Regulatory Affairs, Stimulus Oversight and Government Spending

Witnesses testified on the federal government bailout of General Motors. During the hearing Republican members accused Ron Bloom of getting too involved in General Motors' structured bankruptcy and questioned the .. Read More
Witnesses testified on the federal government bailout of General Motors. During the hearing Republican members accused Ron Bloom of getting too involved in General Motors' structured bankruptcy and questioned the government’s role in the matter of pensions for Delphi auto parts workers, a GM spin-off company. The federal government recouped about half of the $80 billion dollars devoted to saving the U.S. auto industry. Mr. Bloom acknowledged that the government did not expect to recover all of that money. He suggested however, that financial losses from total failure of GM and Chrysler would have been much greater than any amount taxpayers might lose as a result of the bailout.

2 hours, 36 minutes | 783 Views

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PEOPLE GRID LIST

  • Ikenson, Daniel
  • Gump, Bruce
  • Bloom, Ron
  • Kucinich, Dennis
  • Kelly, Mike
  • Kochan, Tom
  • Snowbarger, Vince
  • Dalmia, Shikha
  • Jordan, James "Jim" D.
  • Turner, Mike
  • Cummings, Elijah
  • Burton, Danny "Dan" Lee
  • Johnson, Bill
  • Issa, Darrell
  • Mack, Connie IV
  • Ikenson, Daniel

    Analyst Cato Institute->Center for Trade Policy Studies
    09:54 of 02:36:36
  • Gump, Bruce

    Chairman Delphi Salaried Employees Association
    06:13 of 02:36:36
  • Bloom, Ron

    Assistant White House->Manufacturing
    50:03 of 02:36:36
  • Kucinich, Dennis

    U.S. Representative [D] Ohio
    13:36 of 02:36:36
  • Kelly, Mike

    U.S. Representative [R] Pennsylvania
    12:29 of 02:36:36
  • Kochan, Tom

    Professor Massachusetts Institute of Technology->Management
    12:12 of 02:36:36
  • Snowbarger, Vince

    Deputy Director Pension Benefit Guaranty Corp.->Operations
    11:29 of 02:36:36
  • Dalmia, Shikha

    Senior Analyst Reason Foundation
    07:48 of 02:36:36
  • Jordan, James "Jim" D.

    U.S. Representative [R] Ohio
    05:47 of 02:36:36
  • Turner, Mike

    U.S. Representative Candidate (Former) [D] Virginia
    05:35 of 02:36:36
  • Cummings, Elijah

    U.S. Representative [D] Maryland
    05:30 of 02:36:36
  • Burton, Danny "Dan" Lee

    U.S. Representative [R] Indiana
    03:50 of 02:36:36
  • Johnson, Bill

    U.S. Representative [R] Ohio
    03:05 of 02:36:36
  • Issa, Darrell

    U.S. Representative [R] California
    02:09 of 02:36:36
  • Mack, Connie IV

    U.S. Representative [R] Florida
    01:39 of 02:36:36