General Motors - Obama Presidency Oral History Back General Motors Index / Organizations Transcripts Wilma Liebman ...kinds of things. There was the big General Motors strike, of a more traditional nature... ...have gone into something equivalent to General Motors to do wall-to-wall organizing. I... Larry Summers ...of March, were the problems facing GM [General Motors] and Chrysler muc... ...of March, were the problems facing GM [ General Motors ] and Chrysler much different? In othe... ...words, was the task force dealing with GM separately from how it was going t... ...that guided policy towards both General Motors and Chrysler. I think it was quit... ...clear that, at least, large parts of General Motors were viable in an operating sense... ...issues to be discussed with respect to General Motors . That would be how I would put th... ...the government should back Chrysler and GM . Was March a particularly importan... ...as those negotiations over Chrysler and GM —deliberations, I should say—wer... ...There was a desire on the part of General Motors to pull out of Ren Cen, Renaissanc... Show more... Lee Bollinger ...legacy. I knew of business with General Motors and with the Steel [v. General Motor... ...General Motors and with the Steel [v. General Motors Corporation] case and the people there... Brian Deese ...remember in the wake of the election, GM [General Motors Company] and Chrysler... ...in the wake of the election, GM [ General Motors Company] and Chrysler, in particular... ...captive finance company inside them. So GM had GM Financial, Chrysler had Chrysle... ...finance company inside them. So GM had GM Financial, Chrysler had Chrysle... ...you probably got your financing from GM Financial. They were actually the sam... ...They then gave bridge loans to both GM and Chrysler. We sort of haggled at th... ...Christmas and New Year's in 2008, the General Motors financial company— [INTERRUPTION] th... ...finance company inside General Motors needed to be restructured, or else i... ...it would have collapsed and brought General Motors down. That was an incredibl... ...bailout that happened to GMAC [ General Motors Acceptance Corporation]—that was th... ...even had an opportunity to restructure GM because that would have brought G... ...GM because that would have brought GM down. And that was something that Da... ...or not the government should guide GM and Chrysler through bankruptcy? Tha... ...agreement that when you look at General Motors , it was significantly larger an... ...that we should do something to support GM . The details: complicated, the exac... ...a backstop behind a restructuring?”—on GM , we had a pretty unifie... ...was, “Are we better off standing behind GM , letting Chrysler fail, and the... ...letting Chrysler fail, and then having GM and Ford and the other companies tak... ...the case for Chrysler was harder than GM , it was still a strong case to stan... ...about a bankruptcy restructuring for GM . And so, was GM really going to be i... ...restructuring for GM. And so, was GM really going to be in a situation—w... ...trying to figure out if we could get GM to buy Chrysler. [Laughs] Because tha... ...But that didn't fly. Why? Because GM was a basket case at the time. When w... ...company. When you're dealing with the GM leadership—I mean, we were in th... ...America] as you crafted the plans for GM and Chrysler? Yes, yes. Basically... ...And that was less viable in the case of GM because their stock was held ver... ...of intervention, and with respect to GM , unprecedented in the sense that th... ...particularly around Chrysler and then GM , it became very partisan. And ther... ...that. When we fired the CEO of General Motors , it caught the public's attention, ... ...A rebound in the auto industry, both GM and Chrysler performing better tha... Show more... Cody Keenan ...wrong with you?” He goes, “I think GM 's going to go under tomorrow.” And w... John Mier ...a union contract solved, that's when GM [General Motors] decides to tell you... ...union contract solved, that's when GM [ General Motors ] decides to tell you, “And we have t... Anthony Foxx ...that—to ignition switch issues on GM [General Motors] cars, and a Chrysle... ...that—to ignition switch issues on GM [ General Motors ] cars, and a Chrysler problem. W... Rahm Emanuel ...us to think through a strategy for GM [General Motors] and Chrysler and com... ...us to think through a strategy for GM [ General Motors ] and Chrysler and come up with a gam... Pete Souza ...about, about the decision to bail out General Motors and Chrysler. One of the things tha... ...was Chrysler. Was it Ford and Chrysler? General Motors . General Motors, yes. He was abou... ...it Ford and Chrysler? General Motors. General Motors , yes. He was about to call one o... ...opposite page from page thirty-one, the General Motors photograph, which is page thirty, wit... Load more Transcripts Related Topics go to the Democrats Democrats go to the Russia Russia go to the Agriculture Agriculture go to the Sub-Saharan Africa Sub-Saharan Africa go to the Labor Labor