JJ Hornblass

COP to Publish Report on GMAC 'Next Week'

Last week, Michael Carpenter, CEO of GMAC LLC, and Robert Hull, GMAC's CFO, testified in front of Elizabeth Warren's Congressional Oversight Panel regarding the funds GMAC received through the government's Troubled Asset Relief Program. Warren told Bloomberg today that COP will publish a report on GMAC next week.

Warren is focusing COP's efforts on the stragglers in the TARP. Tomorrow, Vikram Pandit, CEO of Citigroup, will testify in front of the COP.

Click here to view last week's GMAC hearings.

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Tags: automotive-task-force, bailout, cop, elizabeth-warren, gmac, michael-carpenter, robert-hull, ron-bloom, tarp, treasury

Marcie Belles Comment by Marcie Belles on March 12, 2010 at 12:40pm
Here's a link to the Congressional Oversight Panel's 170-page report, plus a link to Elizabeth Warren's video intro to the report.

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