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Tipsheet

Comptroller Can't Talk About Auto Bankruptcy??

Sen. Elizabeth Dole (R.-N.C) asked Acting U.S. Comptroller General Gene Dodaro to discuss what would happen if the Big Three were forced into a managed bankruptcy just now in the Banking Committee hearing.
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His answer was, essentially, "I don't know."

"We were called into this at the last minute," he stammered. "We haven't really studied this position to answer it with any degree of certainty."

"I really can't offer much insight there," he said.

This is inexcusable. He's the head of the Government Accountability Office and he can't address bankruptcy as an option for the Big Three? He hasn't studied it? Please Isn't the whole point of this hearing to try to hold the automakers accountable for the money they are going to be sucking away from the taxpayers? He's been Comptroller since last March. It's not like this is new news to him.

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