Elizabeth Warren: Why Was Detroit Bailout Treated Differently Than Wall Street Bailout?
When poor lending practices brought the world's biggest banks and AIG to their knees, Washington delivered hundreds of billions in financial lifelines, with little to no restrictions.
When car manufacturers in Detroit needed bailing out, Washington played hardball and made sweeping changes to the boards and management at both GM and Chrysler.
Elizabeth Warren wants to know why two insolvent industries were treated so differently.
Warren, chairwoman of the Congressional Oversight Panel, spoke with MSNBC's Dylan Ratigan about inequality in Washington's bailouts. Warren:
I think the problem has been all the way throughout this crisis, that the banks have been treated gently and everyone else has been treated really pretty tough.
Warren's interview with MSNBC is scheduled to air Monday morning, Sept. 14 at 9:30 a.m. EST.