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Bankers defend bailout: 'We used different money for bonuses'

posted 450 weeks ago on BloggingStocks

Filed under: Management, Financial CrisisThe CEOs of the big TARP-backed banks appeared before the House Financial Services Committee yesterday to talk about the bailout and basically endure a few hours of awkwardness.The Associated Press reports that "Anticipating confrontations over their own compensation, several asserted that none of the government's money went to bonuses or dividends" in their prepared remarks.Continue reading Bankers defend bailout: 'We used different money for bonuses'Bankers defend bailout: 'We used different money for bonuses' originally appeared on BloggingStocks on Thu, 12 Feb 2009 16:00:00 EST. Please see our terms for use of feeds.Read | Permalink | Email this | Comments

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