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Of Asset Management. I spoke to the head of the behavioral economists. It has been exciting to you. People will no longer be racing to be firsttime buyers anymore. We know this has been going on for many years now. Why do people Pay Attention to this . Biggestave some of the Financial Gurus in the market here speaking. People have been up in the markets. Longterm equity guys are struggling. 19th annual. Is dollarsay thousands of to get an understanding of what the year will apply the head. Earlier. To my he is saying brazil is so bad, it is good. He has an idea to go along with brazil as by the inflation. Lenovo is saying things look bad and it is time to buy. Standby. We will be back in just a moment. A lot of ideas were introduced in the conference. Julie hyman joins me now with a look back at what we can call the gr ....
Did you say this was a defective part when you talked about it earlier. When the recall decision was made and we looked at the chronology, there are points that suggest enough why we are doing the investigation. You are going to hear from more than one of us about not having a new part number assigned. Who made that decision . A decision tly did that come into the pipeline as to how that part number would be coded . General motors are responsible for General Motors parts numbers. That seem inconceivable to you . Yes. It is inconceivable. Its not acceptable. Have you asked delphi if you can have access dealing with this issue . I have not and mr. The lucas will go as we continue the investigation and get an accurate accounting of what has happened. My time has expired. I yield back. We have asked for that email chain. Chairmanognized emeritus of the committee, mr. Dingell. By telling the families of those who were injured or killed ....
Responsibility and liability in this entire issue. Have you met with them and with the Engineering Team that was responsible for this switch . I have not met with the specific Engineering Team that is responsible, but i am speaking to leadership and those individuals are being interviewed as part of the investigation. Now, going back, did you say that this was a defective part when you talked about it earlier . We have learned when we knew when the recall decision was made and we later went back and looked at the chronology, theres points that suggest, and thats why were doing the investigation. Okay. All right. Now, i think that youre going to hear from more than one of us about not having a new part number assigned. Who made that decision . Was that strictly a delphi decision or did that come into the gm supply chain for that decision to be made as to how that part numb ....
Breakdowns and fundamental misunderstandings that permitted gm engineers not to suspect a safety problem when cobalts were stalling due to a faulty switch. The possibility these problems are pervasive and cultural deeply concerns me. Concerns us all. We learn machine that gm has announced yet another recall. 39th since january. This one is hauntingly similar to the cobalt ignition switch recall. The ignition switch in certain buicks, chevys and cadillacs moves out to the run position moves out of the run position if the key has too much weight on it causing the car to lose power and stall. The model years goes back to the year 2000. Your report tells us about the engineering and legal findings of gm but what it doesnt divulge is weather gm attorneys made conscious decisions during discovery and prevented the truth from coming out sooner and potentially saving lives. That kind of malfeasance should be the crux of a coverup. I want to delve deeper into that issue n find out if that occur ....
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