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Jun 23, 2011
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greg martin was an official at gm, frederick henderson was the ceo of gm, and the fact that mr. bloom was on a cc really doesn't prove anything here, i don't think, except that -- other than the fact that gm was in control of gm. the treasury department represented observers having to ask, not able to dictate to gm, and, you know, frankly, i think that's what we found here, that gm throughout the bailout remained under private control. and i, i don't see from this memo which has mr. ratner and mr. bloom up here as a cc, that this coming from gm officials that this in any way indicates that it was, it was a non-gm officials who were leading the dance. i just want to point that out and, again, i do that because i understand the concerns that my colleagues have, share many of those concerns. i just wanted to correct the record. and i thank the chairman. thank you m. >> and i thank the ranking member. i'm going to allow myself five minutes. mr. bloom, mr. snowbarger, and i think today the most important thing we can understand about this hearing, it's not about democrats or republic
greg martin was an official at gm, frederick henderson was the ceo of gm, and the fact that mr. bloom was on a cc really doesn't prove anything here, i don't think, except that -- other than the fact that gm was in control of gm. the treasury department represented observers having to ask, not able to dictate to gm, and, you know, frankly, i think that's what we found here, that gm throughout the bailout remained under private control. and i, i don't see from this memo which has mr. ratner and...
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Jun 9, 2011
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. >> greg martin used to have a 5,000 square foot shop cutting parts for manufacturing companies.mall jobs in his garage for a tiny fraction of the revenue. he doesn't like the president's health care plan. he says he can't afford insurance. >> i know it is not going to help me. i am a small business entity. to get health insurance is really expensive. >> down the block, one of nevada's nation leading home foreclosures. >> i am not upside down. i am not under water at this time. if it keeps going the way it is, i will. >> what are you going to do in 2012? >> i am still undecided. at this point, i don't know. >> reporter: a lot of nevada voters don't know either. one of the reince both parties are playing a lot of attention to this day for 2012, democrats outnumber republicans by about 100,000 voters. there are about 300,000 voters who are nonpartisan. in nevada, it is an early primary. it will go a long way to determining who the republican nominee is going to be. >>> checking stories across country now. some students across connecticut aren't sweating the sweltering temperatures,
. >> greg martin used to have a 5,000 square foot shop cutting parts for manufacturing companies.mall jobs in his garage for a tiny fraction of the revenue. he doesn't like the president's health care plan. he says he can't afford insurance. >> i know it is not going to help me. i am a small business entity. to get health insurance is really expensive. >> down the block, one of nevada's nation leading home foreclosures. >> i am not upside down. i am not under water at...
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Jun 9, 2011
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. >> reporter: greg martin used to have a 5,000-square foot shop cutting parts for manufacturing companiesny fraction of the revenue. he doesn't like the president's health care plan, although he says he can't afford insurance. >> i know it is not going to help me. i'm a small business and to get health insurance it's really expensive. >> reporter: down the block, one of nevada's nation lead iing db homes in foreclosure. >> what are you going to do in 2012? >> i'm still undecided. at this point i don't know. >> casey wian joins us live from henderson, nevada. we know nevada was a critical state the last go-round. potentially even more important this time. >> reporter: absolutely. it is a referendum on what's happening with the economy nationally. we're here in a community center in henderson. it is 1 of 7 of these recreation centers that have been built in this town. this is a town that grew from 65,000 people two decades ago to almost 270,000 people now. it grew so fast and then they had the home foreclosure crisis hit, now more than half of the homes in this area that are sold are actual
. >> reporter: greg martin used to have a 5,000-square foot shop cutting parts for manufacturing companiesny fraction of the revenue. he doesn't like the president's health care plan, although he says he can't afford insurance. >> i know it is not going to help me. i'm a small business and to get health insurance it's really expensive. >> reporter: down the block, one of nevada's nation lead iing db homes in foreclosure. >> what are you going to do in 2012? >> i'm...
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Jun 9, 2011
06/11
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. >> reporter: greg martin used to have a 5,000 square foot shop cutting parts for manufacturing companiesy fraction of the revenue. he doesn't like the president's health care plan but he can't afford insurance. i am a small business. to get health insurance, it is really expensive. down the block, one of nevada's nation leading home foreclosures. >> i am not jun side down at this time but if it still goes the way it is, i will be. >> reporter: what are you going to do in 2012? >> i am undecided. >> nevada only has about 1.3 registered voters but to give you an idea about how closely contested this race is likely to be next year, 560,000 are democrats. 460,000 are republicans. 300,000 voters in nevada are nonpartisan or smaller parties. those are the swing voters that are going to be very much in play and from what we can tell, most of them haven't made up their minds yet. >> casey wian in henderson, nevada, thanks. >>> be sure to join cnn monday night when seven gop candidates for president debate, monday night 8:00 p.m. ooeastern and bright and early sunday morning, i will be there. onl
. >> reporter: greg martin used to have a 5,000 square foot shop cutting parts for manufacturing companiesy fraction of the revenue. he doesn't like the president's health care plan but he can't afford insurance. i am a small business. to get health insurance, it is really expensive. down the block, one of nevada's nation leading home foreclosures. >> i am not jun side down at this time but if it still goes the way it is, i will be. >> reporter: what are you going to do in...
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Jun 23, 2011
06/11
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this is from, i think, jenny to greg martin at general motors. g, we would ask that you move the reference to treasury down to the third paragraph, taking it out of the lead. so this is on a press release that was going to go out where we now have the auto task force involving themselves with general motors on a press release. so, again, i just want to ask, is this involvement in day-to-day operations? >> no. i think what this is is involvement regarding the treasury department. in other words, when the company is talking about us, meaning the treasury department, i think it's proper that we would, that we would have interest in how we be characterized. so if -- >> well, some would argue this, mr. bloom, some would argue if treasury's involving themselves in press release that is the company is doing but not picking winners or losers, not deciding which factories to stay open and closed, some would say that's really what's going on? this is what the auto task force did? they were coordinating how press releases went out, but, but we, you know, gm
this is from, i think, jenny to greg martin at general motors. g, we would ask that you move the reference to treasury down to the third paragraph, taking it out of the lead. so this is on a press release that was going to go out where we now have the auto task force involving themselves with general motors on a press release. so, again, i just want to ask, is this involvement in day-to-day operations? >> no. i think what this is is involvement regarding the treasury department. in other...
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Jun 26, 2011
06/11
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greg martin was an official at gm. the fact that mr. bloom was on a cc does not prove anything except the fact that gm was in control of the gm. the treasury was an observer, not able to dictate. that is what we found that gm common throughout the bailout, remained under private control. i do not see it from this memo that this indicates it was not gm officials leading the dance. i wanted to point that out. i understand the concerns my colleagues have. i share many of those concerns. i wanted to correct the record. >> i'm going to allow myself five minutes. the most important today we can understand is not about democrats or republicans, it is about the american people. this hearing is essential. wheat are talking about taxpayer dollars being invested. mr. bloom, there was $50.2 billion in assistance. how was that divided up? >> i am not familiar with that number. there was $49.5 million to gm. i am familiar with that number. i'm trying to be responsive. i am not familiar with the $50.2 million. >> how was that divided? the rough number
greg martin was an official at gm. the fact that mr. bloom was on a cc does not prove anything except the fact that gm was in control of the gm. the treasury was an observer, not able to dictate. that is what we found that gm common throughout the bailout, remained under private control. i do not see it from this memo that this indicates it was not gm officials leading the dance. i wanted to point that out. i understand the concerns my colleagues have. i share many of those concerns. i wanted...