Congressional Oversight Panel
The five-member Congressional Oversight Panel held a field hearing on Monday, July 27, 2009 in Wayne State University’s Spencer M. Partrich Auditorium on the Auto Industry Financing Program (AIFP) under the Troubled Asset Relief Program (TARP). Panel chair, Elizabeth Warren, and Panel member Congressman Jeb Hensarling conducted the Detroit hearing and heard testimony from the following witnesses:
- Ron Bloom, Senior Advisor, U.S. Department of the Treasury
- Jan Bertsch, Senior Vice President, Treasurer, and Chief Information Officer, Chrysler
- Walter Borst, Treasurer, General Motors Company
- Sean McAlinden, Executive Vice President and Chief Economist, Center for Automotive Research
- Barry Adler, Charles Seligson Professor of Law, New York University School of Law
- Stephen Lubben, Daniel J. Moore Professor of Law, Seton Hall University School of Law
- Richard Mourdock, Indiana State Treasurer
The Panel will release a report on Treasury’s use of its authority under TARP with respect to the automobile industry on September 9, 2009. This field hearing in Detroit allowed the Panel to gain a better understanding of the use of TARP in the government’s intervention in the auto industry.
Media at the hearing included all metro Detroit area network television affiliates, the Associated Press and Bloomberg News; the hearing was picked up at by a number of other media outlets. See below for links to sample coverage.
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Additional Coverage |