TITLE

Bank Execs Get Pass As Lawmakers Harp on Tarp

AUTHOR(S)
Kaper, Stacy
PUB. DATE
November 2008
SOURCE
American Banker;11/14/2008, Vol. 173 Issue 221, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
35290406

 

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