Congressman wants probe of Geithner’s GM bailout ‘Conflicts Of Interest’


Ohio Republican Rep. Michael Turner is pushing for a congressional investigation into what he considers Treasury Secretary Timothy Geithner’s “conflicts of interest” during and after the government bailout of General Motors.

Turner made his request on Thursday in a letter to House oversight committee chairman Rep. Darrell Issa.

Turner alleges there was a conflict of interest with Geithner playing the part of Treasury Secretary, co-chair of President Barack Obama’s Auto Task Force and being be a board member of the Pension Benefit Guaranty Corporation, an independent U.S. government agency created to monitor pension payments and ensure payouts promised by failed companies.

The House oversight committee recently held a field hearing in Ohio on the GM bailout, and how the Treasury Department’s actions caused 20,000 non-union workers from Delphi to lose their pensions.

Delphi, a GM company, is one of the largest automotive parts manufacturers in the world. Its workers lost their pensions when the government bailed out GM.

 Read More at The Daily Caller By Matthew Boyle, The Daily Caller


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