Use of Federal Funds by Financial Institutions, Part 1

The chief executive officers of financial institutions testified about how they used the first installment of funds from the Troubled… 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

*The transcript for this program was compiled from uncorrected Closed Captioning.

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Use of Federal Funds by Financial Institutions, Part 1

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Program ID:
283982-1
Category:
House Committee
Format:
House Committee
Location:
Washington, District of Columbia, United States
First Aired:
Feb 11, 2009
Last Aired:
Feb 15, 2009

Airing Details

  • Feb 11, 2009 | 10:01am EST | C-SPAN 3
  • Feb 11, 2009 | 12:34pm EST | C-SPAN 3
  • Feb 11, 2009 | 10:02pm EST | C-SPAN 1
  • Feb 13, 2009 | 12:38am EST | C-SPAN 2
  • Feb 15, 2009 | 10:39am EST | C-SPAN 1
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