Use of Federal Funds by Financial Institutions, Part 2
This portion of the hearing is part 2 of 3 parts, and contains questions for the panel following a lunch break. Questioning of the panel continues on part 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 2 of 3 parts, and contains questions for the panel following a lunch break. Questioning of the panel continues on part 3. close
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House Financial Services Committee: Financial Industry Oversight
- Use of Federal Funds by Financial Institutions, Part 1
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