$700 troubled asset relief program direct assistance to gm, chrysler and to the finance companies, gmac, ally financial and chrysler financial. the money m was dispersed over both the bush and obama administration's. when the conditions the obama administration required was both gmac i should go through bankruptcy part of that the administration forced the marriage of fiat chrysler the italian auto company to control of question but had to meet benchmarks to get certain% stakes sticks of ownership in the o company. the biggest issue was in order to do this very fast restructuring it required that taxpayers to swap big chunks especially in the use of gm the loans for stock in the new company. the government came in with a huge amount of cash and said to the bankruptcy court, either agree to our deal, we will buy the company in essence, taxpayers will bite and we will basically did what creditors would pay because with so much money. u.s. tax biscay gm about $50 billion. canadian taxpayers about $10 billion. of that money taxpayers recovered about 40 billion. that's because the stock when

gmac: you had to put your score into your school.eing the ramifications of harder to get work these is in the u.s. affecting this? most of the people go to the school and get a job here. caleb: in the past two years, applications from international students to u.s. schools has dropped 53% because of the trump administration's changes views --changes in views on changes and views on immigration. far few of them are coming here than the used to. applications of other countries like canada are searching. -- maybe maybe a look it will get a little easier for you, joe. caroline: will thank you. that is a great perspective from caleb solomon. a quick check of the latest business flash headlines. michael dell is on the winning side of a trump the old polarize investors for a second time in five years. delwin private in one of the biggest leveraged buyout sever. ubs will pay hundreds of millions of's dollars to use microsoft's about services. the largest bank may store data at microsoft facilities in geneva as soon as next year. the move wil

more live coverage on c-span gmac. at 8:00, a number of democratic and republican lawmakers talk about healthcare access and affordability at an event hosted by axis. a senate judiciary committee meeting on what the committee calls china's nontraditional espionage against the u.s. including economic aggression. later a hearing on transnational cartels and border security. >>> c-span where history unfolds daily. in 1979, c-span was created as a public service by america's cable television company. and today, we continue to bring unfiltered coverage of congress, the white house, the supreme court and public policy events in washington, d.c. and around the country. c-span is brought to you by your cable or satellite provider. >>> john malcolm is the director of the meece center at the heritage foundation joining us to talk about president trump's pick to be the next attorney general. you are an assistant u.s. attorney when mr. --