Use of Federal Funds by Financial Institutions, Part 3

Feb 11, 2009


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U.S. House of Representatives House Committee Financial Services

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 .. 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.

2 hours, 2 minutes | 1,037 Views

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  • Blankfein, Lloyd C.
  • Dimon, James
  • Kelly, Robert P.
  • Lewis, Kenneth D.
  • Mack, John J.
  • Pandit, Vikram
  • Stumpf, John G.
  • Baca, Joe
  • Biggert, Judy
  • Carson, Andre D.
  • Cleaver, Emanuel II
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  • Foster, Bill
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  • Lynch, Stephen F.
  • Maffei, Daniel "Dan"
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  • Peters, Gary
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  • Scott, David
  • Speier, Karen Lorraine "Jackie" Jacqueline