Use of Federal Funds by Financial Institutions, Part 3

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 the third and final part. It begins following a break in proceedings during the afternoon and contains the conclusion of questions for the panel. close

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

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Use of Federal Funds by Financial Institutions, Part 3

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Program ID:
283982-101
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 | 3:42pm EST | C-SPAN 3
  • Feb 13, 2009 | 4:08am EST | C-SPAN 2
  • Feb 15, 2009 | 2:09pm EST | C-SPAN 1
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