According to a story on The Detroit News…
Washington — A government watchdog says the Treasury Department must work with the Federal Reserve to craft an exit plan for its 74 percent investment in Detroit-based lender Ally Financial Inc.
The special inspector general overseeing the $700 billion Troubled Asset Relief Program said in a report released today that the Treasury needs “a more concrete TARP exit plan for Ally that takes into account the need to maintain Ally’s financial stability. It’s essential that when the government finally exits Ally that it does so forever.”
