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IRA Co-Founder Christopher Whalen to testify before TARP panel on GMAC

IRA co-founder and managing director Christopher Whalen will testify before TARP Congressional Oversight Panel regarding the bailout of GMAC on Thursday, February 25, 2010. The TARP COP has asked that we address the structure of financing in the auto industry, the consequences to the industry had GMAC failed, whether there were any alternatives to GMAC to provide financing to the auto industry and alternatives to the manner of the US Treasury’s financial involvement in GMAC, and the prospects for GMAC generally and the repayment of taxpayer funds.