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.
