Asked specifically about the president’s Monday announcement that federal tax dollars would guarantee the warranties of all new Chrysler and GM cars during the period they are undergoing restructuring, Frank said, “Do the words ‘I’m not very well informed on it’ have any meaning to you? Am I speaking a language you don’t understand?”
Given that GM received billions in TARP funds and that as Chairman of the House Financial Services Committee he oversees TARP funds, Frank should probably be much better informed about what’s going on.
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