During 2008, Walz repeatedly spoke out against using taxpayer money to bail out financial institutions; in late September he voted against the $700 billion TARP bill, which purchased troubled assets from these institutions. Walz released a statement after the bill's passage, saying, "The bill we voted on today passes the buck when it comes to recouping the losses taxpayers might suffer. I also regret that this bill does not do enough to help average homeowners, or provide sufficient oversight of Wall Street.” For the same reasons, in December 2008 he voted against the bill that offered $14 billion in government loans to bail out the country's large automobile manufacturers. In June 2009 Walz introduced a bipartisan resolution calling on the federal government to "relinquish its temporary ownership interests in the General Motors Corporation and Chrysler Group, LLC, as soon as possible” and stated that the government must not be involved in those companies' management decisions.