Bank Execs Get Pass As Lawmakers Harp on Tarp

Kaper, Stacy
November 2008
American Banker;11/14/2008, Vol. 173 Issue 221, p1
Trade Publication
The article reports that several banking executives testified before the U.S. Congress on what they will do with money given to them by the U.S. government as part of the Troubled Assets Relief Program (TARP) in 2008. The executives did not give specific answers, but Senate Banking Committee Chairman Chris Dodd did not pressure them. He said he does not think it is his place to micromanage the banks. Banks that were represented include JPMorgan Chase, Bank of America, and Wells Fargo.


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