, no one could -- >> they bankrupted gm?> the obama administration bankrupted gm and recapitalized them and recapitalized certain investments. no one could figure out why. i'll be the skeptic here, the cynic. maybe they bankrupted them to make sure that the old gm was responsible for these deaths bah they knew they had a problem and the new gm could go on with business as usual and then they would look like heroes. >> another one of your skepticisms about obama that added to the pile. you made that sound like, of course, we edited out a clip and made obama seem like he was responsible for building bad ignition switches. by the way, i think they were built in china, weren't they? get to me, chinese government. the fact of the matter is there's no excuse for this. they should have recalled the calls earlier. this reminds me, i'm old enough to remember the pinto, there was a rear-end cash, one ralph nader made his reputation on this. this is an inexcusable case, and that new ceo from gm ought to be out of a job. >> we, the gove

that leads me back to gm under all these lawsuits bankrupt gm or someone from the outside either way it is not the same it will be the same one we rescued we will speak with the lawyer who says that gm better read what it says to do the right thing and then the stepdad of a girl that died in one of the vehicles but first to richardson on what went down at the capitol. >> get apology from the ceo who promise to get to the bottom of this end up number of references to the ongoing investigation gm is conducting to figure out what happened the questions that you asked the ceo could not is a them but referred to the ongoing investigation that she will not promise even to make available to congress or the up public. number of lawmakers were frustrated with mary barra some of the words that they used to describe the new gm is overwhelmed. >> we will not except parts that don't meet your ability to function ability requirements. >> just answer that gobbled the coup that is not and acceptable answers river did you review the documents? >> no i did not. there were over 200,000. >> could do what

. >> talk about the gm case, because gm could be shielded from civil liability because gm went bankrupt. this is a new gm. there's a new company that holds all of the, i don't know, the junk of the old gm, and that's where the liability would lie. unless the bankruptcy judge is convinced that gm deliberately defrauded the court. there is also a criminal probe and then you have michael moore calling for the death penalty for gm execs who knew about this. i'm opposed to the death pent, but to every rule, there's usually an exception and in this case i hope the criminals of general motors will be arrested and made to pay. >> there is a criminal investigation underway but there's a weird area of law in terms of criminal investigations of companies. because companies can't be put in prison. they can only be fined and barred from federal krabcontrac >> we've seen businesses put out of business. >> armor andersen, a prime example. unless you can find a human being who commit ated a crime, criminal cases tend to disappear in the civil cases because, after all, it's just money and no one goes to

they say give us a trillion dollars and we will never go over 8% unemployment, and gm went bankrupt and all that money went to the unions and gm still went to bankruptcy and it's still having problems. they are arguing about messages and not talking about methods to create jobs. you are not doing anything for america, and all you are trying to do is get re-elected and the republicans on the other side, they are doing the same thing, we are going to get nothing done going up to the mid-term elect shup electtions. >> we were supposed to come out of the recession and into the recovery, and it's tepid at best and democrats can't say it's a recovery. >> emily is starting to show what the message is going to be, it's going to be blame this on the rich, i guess, is one part of it, and two, we have not done enough for the poor which is raising minimum wage, and somehow republicans in the house have blocked this jobs bill, which by the way i thought the recovery act was going to be the jobs bill and stimulus, and those trillions have gone, i don't know, elsewhere, and if some jobs bill miraculou

i know it is gm but old gm she was referring to is a bankrupt semblance of what was once a great american company, that is the result of a government bankruptcy. as far as what is next, there is the gm investigation that is ongoing. the investigators of this committee, the energy and commerce committee on the house side, they will continue to talk to members of general motors. they want more documents from general motors on all of this. also nhtsa, the federal regulator says it is continuing its investigation on all of this. i wouldn't be surprised if we heard from this again on capitol hill. gerri: to be sure. and to be continued, rich. thanks for helping us out. great to see you. thank you so much. >> thanks. gerri: kenneth feinberg as you heard is in but mary barra making it clear today that doesn't mean money is going to be doled out. should there be a compensation fund for gm victims? many people talking about that tonight. here to weigh in, mark modica, national legal and policy center, jack burkman, republican strategist. mark, i will start with you. as i said they retained ken fei

bankruptcy court to bar plantiffs from proceeding with recall lawsuits that were filed before gm went bankrupt in 2009. faulty ignition switches have been at the center of the recall of 2.6 million vehicles, linked to 13 deaths. gm wants the claims to be frozen until bankruptcy court rules whether those lawsuits should be combined with new and old suits. joe's crab shack is drowning in accusations about it's fat content. a watchdog group says the chain's use of a partially hydrogenated margine butter mix are pumping some dishes full of harmful fats. the center for science in the public interest says "eat joes at your own risk" citing joe's "pasta-laya," which has 14 grams of trans fat, and 24 grams of saturated fat. "we've known for years that trans fat is a promoter of and many restaurant chains, in fact most of the major ones have eliminated trans fat." joe's crab shack did not return our request for comment. cs-pi is on a mission to reduce trans fats from the american diet. the food and drug administration says doing so could prevent 20 thousand heart attacks and 7 thousand deaths a year. s

bankrupt and the taxpayers rescued in 2009. new culture aimed at expanding its global market share. some accusing gmbeing the outsourcer in chief. seven out of 10 gm automobiles are built outside the united states. seven out of 10. general motors is engaged in 11 joint ventures with the chinese government control auto manufacturers. the research and development through china, also evident across the southern border with mexico. that is where a faulty ignition switch was manufactured for general motors. but startlingly general motors now has two shifts of workers making the replacement for that defective ignition switch as they work at a mexican plant. they should be ready for shipment later this month. so our first guest tonight says it may have been a culture of corruption, but there is a higher standard at gm since the company went bankrupt. joining us now is the executive editorial director of the kelley blue book. >> read to be with you. >> watching mary is sworn in. stepping up i gave her great credit. i have to tell you that i was unimpressed with her answers which i expected to be more direct

you have this disconnect for the last several years where gm has been doing better for the city went bankrupt and now you have the city coming out of this or trying to come out of this bankruptcy, strongly, and -- struggling, and gm taking a big hit. michigan going out of the ncaa, michigan in trouble -- it is a rough time around here and one of the longest winters ever. >> no doubt. jeff green joining us from detroit, thank you so much. there is another vacancy on the u.s. federal reserve. governor jeremy stein has announced his resignation. michael mckee joins me here. you say that the move may leave the world's most important central-bank externalities short-handed. >> in part because of his intellectual. he is going back to harvard because he only had a two-year leave. if he doesn't go back, he loses his tenure there. or prestige to be a harvard professor than to be on the federal reserve. he was the point man on financial stability, the first to talk about the idea that low rates for a very long time might lead to instability and asset bubbles. in his resignation letter, he pointed that

had one dealer say, i wonder if the culture now at gm sort of exposed today, is going to make people say, gee, maybe those guys should have gone bankrupt to kill the gm culture that appears to be at fault here? a lot of reaction out there. i tell you, we'll continue to get it think as people, you know, react to mary barra today on capitol hill. i don't think it's a win for them today. liz: thank you, jeff, very much. jeff flock. david: so how is all of this impacting sales at dealers? joining us is woody woodring, buick gmc owner. how do you get over this? >> well, we keep our heads up and every day we win our owners in the showroom and our service department. general motors had the best quality they have had in years. i'm a good example. we're in community of 150,000 people and we're growing business month in month out and conquesting other brand and giving quality service. we have to earn it in the service department and showroom. people are switching to general motors cars at least in the community i'm in. and our sales are pretty much robust. we have good concentration making sure -- david: wooddy, going back to the sales that you'

this was around the time gm went bankrupt. and the government rescued the company. this does raise questions. if gm's financial situation was behind gm not taking action on this early on because of worries about the cost involved about taking care of all these cars early on. >> and here we have this new ceo, first female ceo of the big three really trying to represent the new gm. but this goes back, at least reports of these faulty ignition switches, at least to 2004, and correct me if i'm wrong, but the crux of this legally speaking will be figuring out whether gm knew about this, and just ignored these problems, or whether gm knew about this and purposefully brushed it under the rug, covered it up. >> i think you're right, brooke. the bottom line is we know that in 2009, there was this bankruptcy restructuring, and generally when you have this type of restructuring under the bankruptcy laws, you're shielded from civil lawsuits. you have this immunity from liability. now at this point, the question is did they know about this during this bankruptcy restructuring, an

gm went bankrupt. now the bondholders back then got $0.10 on the dollar.hat about us? if they don't move quickly, they are in for a heck of a time ahead. stuart: that is not that much money for general motors. how much do they have in cash? >> $30 billion. stuart: that is why the stock stays right there 34 to $35. they've got the money. it won't make much of a dent in the overall financial picture. they will pay it fast. i will not say that a is the bottom for the stock. >> the prophet origins are really thin. the criminal conspiracy, the cover-up, that overhang. barclays could have it right. stuart: good stuff. the stock bouncing back but the issue of anonymous comments. it has not gone away. listen to charles payne sound off on yelp. charles: management at the yelp is so stupid they need to come out immediately and fix this thing to save their company. stuart: charles was on a roll. this anonymous critique crisis they have got. joined now by crisis manager, the cofounder of 15 seconds.com. all right, what is yelp doing wrong? >> they are not defending th

gm. but others argue that they can make good on that they could bankrupt the company.gree with that, and is not a legitimate fear? >> i don't think it could bankrupt the company. but the consumer groups have written a letter suggesting an alternative, which is that gm set up a 1 billion-dollar fund nk people out of back so that the limits of how much they would allocate, i think that would take care of what they would do and i think the more important issue is i think this company will survive this. but the more important issue is whether or not there's going to be criminal enforcement of the general motors this behavior. and whether or not the people that stop this investigation will have some kind of penalty applied to them. and i think that there will be criminal sanctions here. but no one was put into jail. i think until someone is put into jail in these companies, that they're never going to get the message that they cannot behave this way and harmed the public. neil: good for you. joan clayborne. she was on top of this and the severity of this one with or anyone

technically because gm went bankrupt, they have no legal obligation to pay any civil penalties or fines before that. mary barra was asked in the questioning yesterday, will they? she didn't directly answer but she said they have moral and legal obligations. i think the fact that they brought on ken feinberg, this is what he does. he deals with victim compensation. >> absolutely. >> all right. i think this is part of that culture shift that she wanted to engender at the company. she really wants to show that. >> poppy, i'm curious about something. i don't know if you know the answer to me. it seems to me mary bar ra is new to the job as ceo. why not call the last guy to testify, the guy that was there and in charge. >> carol, you and i are on the same page on this one. that is the first question i had when i saw she was coming to the hill to testify. i was like, wait, what about rick wagner who was on the hill from 2000 to 2009. mary barra is in charge. we want to hear from her on this. she didn't say they wanted to call any of the last four ceos. this is a company that has had five ceos

gm of $33 a share. >>> and here is good news for the bankrupt city of detroit. a federal judge approved the latest attempt to pry itself free from long-term financial contracts known as interest rate swaps. they cost the city tens of millions to ubs and bank of america merrill lynch unit. the two banks will now be paid $85 million to terminate the deal which was used to boost municipal pension plans. >>> president obama wasted no time to replace the health and human services secretary kathleen sebelius who took a lot of heat for the botched rollout of the affordable care act. sylvia burrell will be the next secretary of hhs, he touted her as somebody who can handle even the toughest challenges. >>> just four days before your taxes are due, but the commander and chief and first lady reported a total income of $481,000. they paid $98,000 in total for taxes for an effective tax rate of just over 20%, the obamas donated $59,000 to charity and paid $29,000 to illinois where they still own a home. >>> and earlier this week, we talked about big bug chaos, exposing user

anybody can be paid given the bankrupt, and late this afternoon, the safety agency of the government nhtsa testified that experts there in 2006 looked into the casesf the gmrs crashing without an airbag deplment, but failed to nd thewitch oblem, because nhtsa said that gm did not cooperate. i'm steve handelsman,news4. >>>he coverage continues with ris lawrence who has reaction from the family of a local victim who has been watching >> well, doreen, she is a mom, and this is her child. laura christian says that her daughter is the first known victim of the chevy cobalt defect. amber marie rose was 16 years old when her car crashed and slammed into a tree in charles county in the summer of 2005. amber's family says that an investigator found that the accessory mode and because of that, the air bags never deployed. a paramedic told them athe time, it could have made all of the difference. >> we are the people left behind when a loved one got into what s supped to be a safe car, a gm car. a car that gm knew for years was dangerous, anddefective. our daughters, sons, sisters, brothers, mothers, fathers, wives and husbandsre gone because they were a cost of doi

gm just happened to be going bankrupt. the government swooped in and rescued the company. raise questions if gm's financial situation was behind gm not taking action on this early on. >> mary barra has been with gm a long, long time. what does she know about this? >> keep in mind she wasn't ceo -- >> right, but she was with the company. >> right. there's one more layer to this. the wall street journal is reporting delphi, auto supplier, told gm that there was a problem with the ignition switch. gm knowing, according to the wall street journal, gm knew about the problem with the ignition switch but signed off on getting that part put in the cobalt any way. it went ahead and did that because it said it would tell dealers to make sure their key ring wasn't heavy. those are interesting details coming out of the wall street journal. there's another layer. why would gm accept a part it reportedly knew was faulty. >> alleyson reporting live. thanks so much. >>> the friends of the pilot shah say they don't believe the pilot is responsible for the disappearance. now his daughter is

. >> also asking if gm one had survived right before they went bankrupt and she said she cannot answer melissa: of course, not. the story comes down to me with this e-mail exchange. is that the smoking gun. >> this is any real exchange between delphi employees to 2005 discussing the changes to the ignition switch. it notes a gm engineer is asking for information because quotation kobold is building up in their face and in regards to you turning the car off with the drivers the spirit there is a lot that has happened in statements made as it relates that is why we have hired a complete investigation of this process. melissa: joining me now our power panel. geoff corbett and and former federal prosecutor, i welcome to all three of you. i will go legal first. that e-mail exchanges really bad. is that the smoking gun and? >> that was the torpedo. but here is the problem. gm declared bankruptcy in the discharge of all obligations for these lawsuits. if i am a lawyer representing somebody injured now i find out they have in the mail like that i would be looking at fraud. there is a lot of hu

the ones that will be more compensated than someone -- >> but now it's a bankrupt company that came out of bankruptcy, the old gm, that was its headache, not the new gm's headache, you say what? >> i say -- i say in 2009, part of this filing, if you look at the filing, there was an exclusion made by the judge which said that gm is not responsible for claims and for current defects that are known. now, obviously, the question is -- >> wait a minute. does that mean they can't do that, then? >> that means that, i believe, that all of the claims pre-bankruptcy will be treated the same as -- >> that's what i was asking. >> but here's the rub, though. if there's any fraudulent on the part of gm, that would wipe out all of the debts and suffering based on the ignition problem, that's where the bankruptcy and the immunity is going to be ceased, and the judge will say, you won't be able to stand on this bankruptcy when you knew there was an ignition problem and you hit it, and now you're acknowledging there was a problem -- >> i think we're already there. we're there with the congressional hearings. i think they're makin

. >> at one of point, detroit was the economic engine, when gm sneezed, the rest of the world caught a cold. now motor city is bankrupt >>> in detroit's court town, the abandoned train station has become a symbol of the plight afflicted by urban decay, at the time presidenty crime, the small community endured tough times. 36-year-old phil cooley is trying to change the narrative. >> everything shifts and changes. we try to accommodate their growth. >> a former fashion model opened a successful restaurant in court town over 10 years ago. now, he is in the business of helping others. >> this is what started off as a dance studio and became dancing. >> he purchased this 30,000 square foot abandoned warehouse for $100,000. >> it had a negative history in our commune did i. we wanted today see how it could have a positive future. >> today, it's an enclave of small creative entrepreneurs called pony ride. in a bankrupt city where the jobless rate is over 15%, he is trying to reignite the entrepreneurial spirit. >> it's about accessibility. it has to be affordable. he leases space for as little as $0.20 per square foot with

gm sneezed, the rest of the world caught a cold. no longer. the motor city is running on empty, bankrupt.i olieri met one man trying to make a distance. >> the train station is a symbol of the city's plight, aflicked by petty crime. the small community has endured tough times. 36-year-old phil cooley is trying to change the narrative. >> everything shifts and changes. >> we try to accommodate their growth. >> cooley, a former fashion model, opened a successful restaurant in court town over 10 years ago. now, he is in the business of helping others. >> this is what started off as a dance studio for a jit crew and then became fencing, as you see the lines. >> in 2011, he purchased the 30,000 square foot abandoned warehouse for $100,000. ? >> it had a negative history in our community we want to see how it could have a positive future. >> today, it's an enclave of small, creative proounz that cooley refers to as pony ride, a name he chose to evoke the creativity of children. in a bankrupt city where the jobless rate is over 15%, he is trying to reignite the entrepreneurial spirit. >> it's ab

because the company went bankrupt in 2009 they actually technically don't have to accept any financial or sort of civil liability for anything that happened in the old gm the head of gm, and she would be asked, i would bet, again today because that has to do with victim compensation in all of this. and i think that's a big part of this. >> she seemed to open the door to the possibility. >> reporter: she did. >> definitely didn't commit to it. that will continue to be an important question obviously for families. poppy, thanks so much. >> reporter: sure. >> it may be done for her. if federal prosecutors are looking into this find that how they did this broke a law, then bankruptcy is no longer a protection. >> then it's not civil. >> that's right. >>> let's take a break here on "new day." when we come back, search teams are looking for flight 370. right now they're shifting focus closer to the coast. why? is it going to make their chances any better? could it even make them worse? one of the men who searched for air france 447 is going to show us what they're up against. your education is built to help move your career forward. here's how: we work with