In the meantime, Warren continues to lead the COP. Though the panel has no regulatory authority, it has issued some critical and thoughtful reports on the bailout, including last week's critical report on the GMAC rescue . A report on foreclosures is scheduled for April, and a lending volume paper will come out in May. Save another appointment, she likely heads back to Cambridge when her reports are done."It's tragic to see what Warren has worked for stymied by bankers and politics," says Chris Whalen, a bank analyst and co founder of Institutional Risk Analytics. 
Share:  In the meantime, Warren continues to lead the COP. Though the panel has no regulatory authority, it has issued some critical and thoughtful reports on the bailout, including last week's critical report on the <span class="company">GMAC</span> rescue . A report on foreclosures is scheduled for April, and a lending volume paper will come out in May. Save another appointment, she likely heads back to Cambridge when her reports are done."It's<span class="sent"> tragic to see what Warren has worked for stymied by bankers and politics," says <span class="analyst">Chris Whalen</span>, a bank analyst and co founder of Institutional Risk Analytics.</span> Tweet this 

It called on Treasury to "clearly articulate its exit strategy from GMAC.". GMAC chief Michael Carpenter told the panel last month that the company hopes to conduct an initial public offering within two years to repay taxpayers. But to say observers are skeptical about the prospects for an IPO would be an understatement. "In my view, GMAC badly needs to be restructured before it will have a real possibility of revival," bank watcher Chris Whalen of Institutional Risk Analytics told the panel last month. 
Share:  It called on Treasury to "clearly articulate its exit strategy from <span class="company">GMAC</span>.". <span class="company">GMAC</span> chief Michael Carpenter told the panel last month that the company hopes to conduct an initial public offering within two years to repay taxpayers. But to say observers are skeptical about the prospects for an IPO would be an understatement.<span class="sent"> "In my view, <span class="company">GMAC</span> badly needs to be restructured before it will have a real possibility of revival," bank watcher <span class="analyst">Chris Whalen</span> of Institutional Risk Analytics told the panel last month.</span>...But to say observers are skeptical about the prospects for an IPO would be an understatement.<span class="sent"> "In my view, <span class="company">GMAC</span> badly needs to be restructured before it will have a real possibility of revival," bank watcher <span class="analyst">Chris Whalen</span> of Institutional Risk Analytics told the panel last month.</span> He said the company's misguided expansion beyond car lending "threatens the viability of <span class="company">GMAC</span>.". Thursday's report comes at a time when the prospects for some of the most notorious bailout beneficiaries have started to turn up a bit. AIG ( AIG , Fortune 500 ) is on track to repay $51 billion of federal aid, thanks to two recent asset sale agreements. Tweet this 

. But what about GMAC, the auto financial giant? . Guess we forgot about that one, and now we could be on the hook for $6.3 billion thanks to a lack of an exit plan. 
Share:  . But what about <span class="company">GMAC</span>, the auto financial giant? . Guess we forgot about that one, and now we could be on the hook for $6.3 billion thanks to a lack of an exit plan. Tweet this 

Rising Confidence. "A year or two ago GMAC was in the epicenter of all that was wrong," said Thomas Ferguson , an analyst at KDP Investment Advisors in Montpelier, Vermont. "This says something positive about the market, about GMAC itself, and about the perception of a relative improvement in confidence relative to where we were six months or a year ago." 
Share:  Rising Confidence.<span class="sent"> "A year or two ago <span class="company">GMAC</span> was in the epicenter of all that was wrong," said <span class="analyst">Thomas Ferguson</span> , an analyst at KDP Investment Advisors in Montpelier, Vermont.</span> "This says something positive about the market, about <span class="company">GMAC</span> itself, and about the perception of a relative improvement in confidence relative to where we were six months or a year ago."....Rising Confidence.<span class="sent"> "A year or two ago <span class="company">GMAC</span> was in the epicenter of all that was wrong," said <span class="analyst">Thomas Ferguson</span> , an analyst at KDP Investment Advisors in Montpelier, Vermont.</span> "This says something positive about the market, about <span class="company">GMAC</span> itself, and about the perception of a relative improvement in confidence relative to where we were six months or a year ago.". Tweet this 

A Congressional panel, in a report to be released Thursday, questioned the need for the Treasury Department 's $17.2 billion bailout of GMAC as the company dealt with the collapsing mortgage market in 2008 and 2009, Sewell Chan reports in The New York Times. The panel, the Congressional Oversight Panel for the Troubled Asset Relief Program, raised questions about the Bush administration's initial decision to rescue GMAC in . The government "might have been able" to arrange a strategic bankruptcy for GMAC, as it did for General Motors and Chrysler , preserving its automotive lending arm while dealing with the mortgage lending operations that brought it down, the panel found. 
Share:  A Congressional panel, in a report to be released Thursday, questioned the need for the Treasury Department 's $17.2 billion bailout of <span class="company">GMAC</span> as the company dealt with the collapsing mortgage market in 2008 and 2009, Sewell Chan reports in The New York Times. The panel, the Congressional Oversight Panel for the Troubled Asset Relief Program, raised questions about the Bush administration's initial decision to rescue <span class="company">GMAC</span> in . The government "might have been able" to arrange a strategic bankruptcy for <span class="company">GMAC</span>, as it did for General Motors and Chrysler , preserving its automotive lending arm while dealing with the mortgage lending operations that brought it down, the panel found. Tweet this 

The extra yield investors demand to own corporate bonds rather than government debt fell to 160 basis points, or 1.6 percentage point, on , tied for the low this year on Jan. 14, according to the Bank of America Merrill Lynch Global Broad Market Corporate Index. "A year or two ago, GMAC was in the epicenter of all that was wrong," said Thomas Ferguson, an analyst at KDP Investment Advisors in Montpelier, Vermont. "This says something positive about the market, about GMAC itself, and about the perception of a relative improvement in confidence relative to where we were six months or a year ago." 
Share:  The extra yield investors demand to own corporate bonds rather than government debt fell to 160 basis points, or 1.6 percentage point, on , tied for the low this year on Jan. 14, according to the Bank of America Merrill Lynch Global Broad Market Corporate Index.<span class="sent"> "A year or two ago, <span class="company">GMAC</span> was in the epicenter of all that was wrong," said <span class="analyst">Thomas Ferguson</span>, an analyst at KDP Investment Advisors in Montpelier, Vermont.</span> "This says something positive about the market, about <span class="company">GMAC</span> itself, and about the perception of a relative improvement in confidence relative to where we were six months or a year ago."....The extra yield investors demand to own corporate bonds rather than government debt fell to 160 basis points, or 1.6 percentage point, on , tied for the low this year on Jan. 14, according to the Bank of America Merrill Lynch Global Broad Market Corporate Index.<span class="sent"> "A year or two ago, <span class="company">GMAC</span> was in the epicenter of all that was wrong," said <span class="analyst">Thomas Ferguson</span>, an analyst at KDP Investment Advisors in Montpelier, Vermont.</span> "This says something positive about the market, about <span class="company">GMAC</span> itself, and about the perception of a relative improvement in confidence relative to where we were six months or a year ago.". Tweet this 

The Congressional Oversight Panel (COP) released a new report: The Unique Treatment of GMAC Under the TARP [T]he Panel remains unconvinced that bankruptcy was not a viable option in 2008. In connection with the Chrysler and GM bankruptcies, Treasury might have been able to orchestrate a strategic bankruptcy for GMAC. This bankruptcy could have preserved GMAC's automotive lending functions while winding down its other, less significant operations, dealing with the ongoing liabilities of the mortgage lending operations, and putting the company on sounder economic footing. 
Share:  The Congressional Oversight Panel (COP) released a new report: The Unique Treatment of <span class="company">GMAC</span> Under the TARP [T]he Panel remains unconvinced that bankruptcy was not a viable option in 2008. In connection with the Chrysler and GM bankruptcies, Treasury might have been able to orchestrate a strategic bankruptcy for <span class="company">GMAC</span>. This bankruptcy could have preserved <span class="company">GMAC</span>'s automotive lending functions while winding down its other, less significant operations, dealing with the ongoing liabilities of the mortgage lending operations, and putting the company on sounder economic footing. Tweet this 

"I don't think I've ever seen this many corporate treasurers looking that far out in terms of getting their refinancing done," he said. Five high yield issuers announced deals on Wednesday, including GMAC, which is doing a "drive by," or quick to market issue, according to high yield research firm KDP Investment Advisors. "In the context of the funding challenges the company has faced over the past few years, we view its ability to access the capital markets via drive by benchmark offerings like this one as an important development," KDP analyst Thomas Ferguson said in a research note. 
Share:  "I don't think I've ever seen this many corporate treasurers looking that far out in terms of getting their refinancing done," he said. Five high yield issuers announced deals on Wednesday, including <span class="company">GMAC</span>, which is doing a "drive by," or quick to market issue, according to high yield research firm KDP Investment Advisors.<span class="sent"> "In the context of the funding challenges the company has faced over the past few years, we view its ability to access the capital markets via drive by benchmark offerings like this one as an important development," KDP analyst <span class="analyst">Thomas Ferguson</span> said in a research note.</span>..."I don't think I've ever seen this many corporate treasurers looking that far out in terms of getting their refinancing done," he said. Five high yield issuers announced deals on Wednesday, including <span class="company">GMAC</span>, which is doing a "drive by," or quick to market issue, according to high yield research firm KDP Investment Advisors.<span class="sent"> "In the context of the funding challenges the company has faced over the past few years, we view its ability to access the capital markets via drive by benchmark offerings like this one as an important development," KDP analyst <span class="analyst">Thomas Ferguson</span> said in a research note.</span> Tweet this 

Benchmark offerings are typically at least $500 million. GMAC sold $2 billion of five year notes on Feb. 9, its first debt not guaranteed by the Federal Deposit Insurance Corp in more than two years. The Detroit based company is tapping the corporate bond market amid borrowing costs for high risk, high yield U. S companies that are near the lowest since 2007. "They are taking advantage of a pretty receptive market," said Thomas Ferguson, an analyst with KDP Investment Advisors in Montpelier, Vermont. "It's a very good sign that the company can do an offering like this because it tells you that it's recovering from its very difficult funding challenges of the past few years." 
Share:  Benchmark offerings are typically at least $500 million. <span class="company">GMAC</span> sold $2 billion of five year notes on Feb. 9, its first debt not guaranteed by the Federal Deposit Insurance Corp in more than two years. The Detroit based company is tapping the corporate bond market amid borrowing costs for high risk, high yield U. S companies that are near the lowest since 2007.<span class="sent"> "They are taking advantage of a pretty receptive market," said <span class="analyst">Thomas Ferguson</span>, an analyst with KDP Investment Advisors in Montpelier, Vermont.</span> "It's a very good sign that the company can do an offering like this because it tells you that it's recovering from its very difficult funding challenges of the past few years."....Benchmark offerings are typically at least $500 million. <span class="company">GMAC</span> sold $2 billion of five year notes on Feb. 9, its first debt not guaranteed by the Federal Deposit Insurance Corp in more than two years. The Detroit based company is tapping the corporate bond market amid borrowing costs for high risk, high yield U. S companies that are near the lowest since 2007.<span class="sent"> "They are taking advantage of a pretty receptive market," said <span class="analyst">Thomas Ferguson</span>, an analyst with KDP Investment Advisors in Montpelier, Vermont.</span> "It's a very good sign that the company can do an offering like this because it tells you that it's recovering from its very difficult funding challenges of the Tweet this 

GMAC , the onetime General Motors finance arm that was bailed out by the federal government, said on Tuesday that its chief financial officer, Robert S. Hull, will leave to pursue "another career opportunity.". That new job, according to The Associated Press , is becoming the chief financial officer of the private equity firm Providence Equity Partners in early April. GMAC said in a regulatory filing that it is conducting "an internal and external search for potential CFO candidates in the interim.". 
Share:  <span class="company">GMAC</span> , the onetime General Motors finance arm that was bailed out by the federal government, said on Tuesday that its chief financial officer, Robert S. Hull, will leave to pursue "another career opportunity.". That new job, according to The Associated Press , is becoming the chief financial officer of the private equity firm Providence Equity Partners in early April. <span class="company">GMAC</span> said in a regulatory filing that it is conducting "an internal and external search for potential CFO candidates in the interim.". Tweet this