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Bank CEOs to defend use of TARP money
Bank CEOs to defend use of TARP money
WASHINGTON (CNN)– The chief executive officers of eight of the nation's largest banks will defend the use of hundreds of billions of dollars in bailout money to lawmakers on Capitol Hill Wednesday. The CEO's of Bank of America, JP Morgan Chase, Citigroup, Goldman Sachs, Wells Fargo, Morgan Stanley, Bank of New York and State Street Corp. [...]
Sen. Graham defends view on nationalizing banks
charlotteobserver.com — Despite criticism from fellow Republicans, U.S. Sen. Lindsey Graham of South Carolina Monday defended his statement that... the U.S. should consider nationalizing some banks. Critics, including the chairman of Charlotte-based Bank of America and many ... (more) Sen. Graham defends view on nationalizing banks
Treasury: Lending Down Among TARP Recipients
washingtonindependent.com — new report out of the Treasury Department Tuesday confirmed what many lawmakers, housing advocates, small businesses and... individual consumers have known all along: That despite hundreds of billions of dollars flowing from Washington to the finance ... (more) Treasury: Lending Down Among TARP Recipients
Banking CEOs: We didn't think the bailout was necessary
congressmatters.com — necessary after all. (more) Banking CEOs: We didn't think the bailout was necessary
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Progressive Breakfast: Thinking Big
LiberalOasis : The Blog — ... executives worry that the government may intrude further into their businesses as long as they are beholden to Washington." W. Post on Wall Street's strategy for today's congressional hearings: "The chieftains of eight of the nation's largest banks could receive a tongue-lashing when they testify before a House committee today, but some on Wall Street have moved to preempt the withering criticism by proposing their own solutions to the economic meltdown. " CNN: Bank CEOs to defend use of TARP money Breakfast Sides Ambinder reports ...

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UPDATE 2-U.S. bank CEOs defend use of govt bailout funds | Industries | Financial Services & Real Estate
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