Use of Federal Funds by Financial Institutions, Part 1
This portion of the hearing is part 1 of 3 parts and contains members' opening statements, statements by bank executives, and questions for the panel prior to a lunch break. Questioning or the panel continues on parts 2 and 3.
The chief executive officers of financial institutions testified about how they used the first installment of funds from the Troubled Assets… read more
The chief executive officers of financial institutions testified about how they used the first installment of funds from the Troubled Assets Relief Program (TARP). They also spoke about administration and operation of their firms, future reform of business practices, executive compensation issues, and future disclosure and transparency in financial operations. During questioning several members asked pointed questions about the executives' personal compensation, use of taxpayer funds to boost lending rates, their commitment to cooperation with the government, and the degree to which public anger had motivated efforts to reform their business practices.
This portion of the hearing is part 1 of 3 parts and contains members' opening statements, statements by bank executives, and questions for the panel prior to a lunch break. Questioning or the panel continues on parts 2 and 3. close
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House Financial Services Committee: Financial Industry Oversight
- Use of Federal Funds by Financial Institutions, Part 1
- Use of Federal Funds by Financial Institutions, Part 2
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