TITLE

Bankers On The Hot Seat

AUTHOR(S)

Stone, Peter H.

PUB. DATE

February 2009

SOURCE

National Journal;2/7/2009, p4

SOURCE TYPE

Periodical

DOC. TYPE

Article

ABSTRACT

This article explains that chief executive officers (CEOs) at large banking firms are preparing for the what is expected to a tough hearing by the U.S. House Financial Services Committee. The largest banks are taking plenty of anger from the White House and Congress. They have been criticized for paying billions of dollars in executive bonuses after their institutions received large federal bailout, and for failing to explain what, if anything, their firms have done with the bailout money to help jump start the economy.

ACCESSION #

36466044

Tags: CHIEF executive officers;  LEGISLATIVE hearings -- United States;  BANKING industry -- United States;  DOMESTIC economic assistance -- United States;  UNITED States. Congress. Financial Services Committee;  BAILOUTS (Finance)

 

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