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esident Obaina has encouraged Congress to approve consumer incentives for new car purchases as part of the government's work to re- structure General Motors and Chrysler. The House approved the bill 298-119. Local Democrats Al- cee Hastings, Ron Klein and Robert Wexler sided with the majority. Repu
ank of America to buy Merrill. ByJEANNINE AVERSA The Associated Piss WASHINGEON — Facing an unusual political trial. Federal Reserve Chairman Ben Bernanke disputed ac- cusations Thursday that he pressured Bank of America to acquire Merrill Lynch in a deal that cost taxpayers $20 billion. In a three
rm «st ttt ttt ee 415 Public Debt, Net Worth vs. Peers = st ttt tt ttt 416 Lessons Learned From Historical Debt Crisis - -- +--+ +++ eet etree 422 General Motors -- tt tt 431 Summary «ct ee 437 Appendix -- ss ttt 453 Glossary «tt ee xix Index + # @ #e eee we eee ew Ew ww ew ew ew ew ee ee Xxvii CB www.kpcb
g The entitlement programs are not self-funded...they are unfunded liabilities. They are the single biggest component of spending going forward. -- Ben Bernanke, Chairman of the Federal Reserve Testimony before House Budget Committee, June 9, 2010 The time we have is growing short...there are serious questio
ents Have Not Repaid $27 Billion Paid Back, $171 Billion Outstanding TARP Repayments General Motors Chrysler Chrysler Financial $- $20 $40 $60 General Motors PPIP* GMAC Chrysler TALF* GM Suppliers Chrysler Suppliers FHA* TARP Outstanding AIG $60 wn 1 $20 $40 Note: * PPIP is Public-Private Inve
ional Budget Office, 11/10/2009 KP www.kpcb.com USA Inc. | What Might a Turnaround Expert Consider? 248 HOUSE_OVERSIGHT_020965 An Observation from Ben Bernanke, Current Chairman of the Federal Reserve A famous economist once said anything that can’t go on forever will eventually stop, and this [government
Entities connected to both General Motors and Ben Bernanke

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