Bailout Watch 245: Mark Your Calendar
The House Financial Services Committee will reconvene for another round of auto industry bailout hearings at 9:30 am on December 5, reports Automotive News [sub]. The committee did not release a witness list, but it is expected that the CEOs of General Motors, Ford Motor Co. and Chrysler LLC will appear for a second round of begging. We’re also learning that each company is expected to provide two documents to Congress. One would be a shorter, public summary. The other would be a longer, detailed document including proprietary information, to which Capitol Hill access would be tightly restricted, according to GM spokesfolks. Needless to say, TTAC will be posting the public copies, and would be more than happy to post the restricted versions as well, should any principled public servant feel that they deserve public review. You can find our contact form on our navigation bar at the top of your page. Meanwhile, the Senate Banking Committee has yet to schedule public hearings, and we’re still waiting to see how this will affect the planned caravan of love from Detroit to DC. We’ll keep you posted.