Watchdog says White House needs exit strategy for GM, Ally

Christy Romero, a special inspector general examining the corporate bailouts that came in the wake of 2008's financial crisis, has some advice for the U.S. government: "Treasury should develop a concrete exit plan for GM and Ally." She is referring, of course, to the 30-percent stake that the government still holds in General Motors and the 74-percent stake it holds in Ally Financial, formerly known as GMAC when the Treasury pumped $17 billion into it. For its part, the government says it already has an exit plan and Romero doesn't offer any further advice to guide that plan in some other direction.

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