Submit a Story!
Bankers say they 'get it' on bailout
by Frank James Vikram Pandit, Citigroup's chief executive officer, is really, really sorry his company was going to buy that French-made private jet and it won't happen again. Pandit told lawmakers at a House hearing today: Mr. Chairman, the world is changing very fast and we need to ...
Administration Officials Met With Laughter At Bailout Briefing
huffingtonpost.com — Administration officials were greeted with sarcasm and laughter Monday night when they briefed lawmakers and congressional staff... on Treasury Secretary Tim Geithner's new financial-sector bailout project, according to people who were in the room.  ... (more) Administration Officials Met With Laughter At Bailout ...
Stimulus Plan Sets New Limits on Executive Pay
nytimes.com — A provision buried in the stimulus bill passed by Congress would impose restrictions on executive bonuses at... companies reaping bailout money. > (more) Stimulus Plan Sets New Limits on Executive Pay
What Geithner Still Needs To Do
tpmcafe.talkingpointsmemo.com — Tim Geithner had to do two things this morning: (1) raise public confidence in the whole idea... of bailing out the banking system, enough to allow the administration to use the second $350 billion Congress has already authorized without too much ... (more) What Geithner Still Needs To Do
Comments
Related: vikram pandit
Rep. Alan Grayson: "Have You Heard the Expression Heads I Win, Tails You Lose?"Crooks and Liars
Citigroup CEO Vikram Pandit came to the House Financial Services committee yesterday to talk about their use of TARP money. While people have their eye on the bailout money, what the Federal Reserve is doing is actually much larger and more scary. The Federal Reserve has guaranteed over $200 ...
The Case for More Tax BracketsMatthew Yglesias
The salaries of your heroes of capitalism : Wells Fargo CEO John Stumpf: $850,000 Citigroup CEO Vikram Pandit: $1 Morgan Stanely CEO John Mack: $800,000 State Street Corp. CEO Ronald Logue: $1 million Bank of America CEO Ken Lewis: $1.5 million Bank of New York CEO Robert Kelly: $1 ...
Wall Street CEOs: Putting Shareholders Before TaxpayersMoJo Blog Posts: mojo
During Wednesday's hearing before the House Financial Services Committee, Citigroup chief executive Vikram Pandit offered a curious mea culpa in response to criticism raised his firm's plan to buy a new corporate jet after receiving $45 billion in bailout money. We did not adjust quickly ...
Bank Execs to Say: 'We're Lending'WSJ.com: Politics And Policy
Bank chieftains including J.P. Morgan's Jamie Dimon, Bank of America's Kenneth Lewis and Citigroup's Vikram Pandit plan to tell Congress, "We're lending."