COP Hearing on GMAC Financial Services
On Thursday, February 25, the Congressional Oversight Panel held a hearing in room 342 of the Dirksen Senate Office Building about the government's assistance to GMAC under the Troubled Asset Relief Program (TARP) and the government's broader financial stability efforts. The government spent $17.2 billion in support of GMAC and now owns a 56.3 percent stake in the company.
A video of the hearing is available below.
Witness | Testimony |
---|---|
Ron Bloom |
Testimony |
Jim Millstein |
Testimony |
Michael Carpenter |
Testimony |
Robert Hull |
Testimony |
Christopher Whalen |
Testimony | Michael Ward |
Panel Member | Statement |
---|---|
Elizabeth Warren Chair, Congressional Oversight Panel |
Statement |
Richard Neiman | Statement |
J. Mark McWatters | Statement |