Our goal was not just to rebuild the auto industry of the past but to create an American auto industry for the next century, that will dominate for decades to come.
In the face of stiff opposition, the President made a tough choice to help provide the auto industry the temporary support it needed to rebuild their companies and get moving again.
Morgan Stanley and other big firms are also starting to rebuild their securitization business, which pools together auto loans, credit-card receivables, and other forms of credit, and then issues bonds backed by them.