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Pelosi: If Automakers Don't Meet Conditions of Restructuring, There is Not Going to Be an Endless Flow of Money
December 9, 2008Speaker Nancy Pelosi and Chairman Barney Frank of the House Financial Services Committee held a press availability in the Capitol late this afternoon on the aid package to the auto industry. Below are the Speaker's opening remarks: "Good afternoon, thank you for joining us. We are, as you know, in conversations about how we go forward with the package for the auto industry that produces, at the end of the day, and that means very soon, a viable plan for our country. It is an interest that is important to our economy, to our industrial base, the workforce concerns that are important to our country. We want to be able to review the performance of the auto companies as we go forward. In order to do that, it is important for us to pass legislation that will set criteria for restructuring and reorganization of that industry and the companies within it." Full release