Agent009 submitted on 9/9/2009 Auto Spies Photos Timestamp: 4:26:11 PM
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Treasury Secretary Timothy Geithner today defended the Obama administration's handling of the $81 billion auto bailout in the wake of a critical report from an independent panel. The Congressional Oversight Panel said in a 143-page report that taxpayers are "highly unlikely" to see all of their $65 billion investment in General Motors Co. and Chrysler Group LLC repaid.The panel, chaired by Harvard law professor Elizabeth Warren, called on the Treasury to place its 60.8 percent equity stake in GM and its nearly 10 percent stake in Chrysler into an independent trust to speed the government's exit and ensure it is free of political meddling. 2009 Frankfurt Auto Show Photo Gallery2009 Concours Weekend Photo Gallery Live! (All photos from all Monterey shows in one gallery)2009 Concorso Italiano Photo Gallery2009 The Quail Event Photo Gallery AutoSpies.com Photo Galleries If you want to see your photos running on our homepage photo ticker, be sure to upload your photos on the go by sending them to Mobile@AutoSpies.com Share on FacebookThere are photos and then there are AutoSpies.com photos!Read Article
The Congressional Oversight Panel said in a 143-page report that taxpayers are "highly unlikely" to see all of their $65 billion investment in General Motors Co. and Chrysler Group LLC repaid.
The panel, chaired by Harvard law professor Elizabeth Warren, called on the Treasury to place its 60.8 percent equity stake in GM and its nearly 10 percent stake in Chrysler into an independent trust to speed the government's exit and ensure it is free of political meddling. 2009 Frankfurt Auto Show Photo Gallery2009 Concours Weekend Photo Gallery Live! (All photos from all Monterey shows in one gallery)2009 Concorso Italiano Photo Gallery2009 The Quail Event Photo Gallery AutoSpies.com Photo Galleries If you want to see your photos running on our homepage photo ticker, be sure to upload your photos on the go by sending them to Mobile@AutoSpies.com Share on FacebookThere are photos and then there are AutoSpies.com photos!
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"Normal is an illusion. What's normal for the spider is chaos for the fly."— Agent009 (View Profile)
"Normal is an illusion. What's normal for the spider is chaos for the fly."
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