Rep Mike Turner: GAO Report Does Not Support Administration’s Actions; Could be Misconstrued

Letter Follows GAO Report Issued on Administration’s Role in Delphi Pension Decision

Washington, D.C. – 12/21/2011, Congressman Mike Turner, in a letter to Ms. Barbara Bovbjerg, Director of Education, Workforce, & Income Security at the Government Accountability Office (GAO) lodged his reservations on a recently issued report regarding Delphi pensions. The report ~ contains language which may be perceived as affirming the actions taken by the Department of the Treasury, the President’s Auto Task Force (ATF), and the Pension Benefit Guaranty Corporation (PBGC) in terminating the pension benefits of Delphi salaried retirees.  ~ several statements standing alone would appear to indicate that GAO supports the actions of Treasury and the PBGC in reducing the pension benefits of the Delphi salaried retirees.  In addition, the report fails to address outstanding questions as to the valuation of the pension fund, General Motors’ (GM) so-called contractual obligations, and information on PBGC's delays in litigation.” ~~

Rep Turner's press release | Rep Turner's letter to Ms Bovbjerg, GAO

Congressman wants probe of Geithner’s GM bailout ‘conflicts of interest’

Updated Sunday, 04 December 2011 21:18
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 yesterday 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.  Daily Caller article for detailsRelated Dayton Daily News article.