Network News

X My Profile
View More Activity
2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Bank CEOs Testify on Capitol Hill Today

Senate and House lawmakers begin their intense negotiations today to reconcile the two versions of the stimulus bill, but they will also get to ask some heated questions about the banking sector today. Chief executives from the nation's largest banks today will appear before the House Financial Services committee to discuss accountability issues for receiving money from the government's bank bailout fund.

A day after Treasury Secretary Tim Geithner's new approach to managing the government's plan to revive the financial sector was unveiled, the CEOs are expected to get an earful about executive pay, big bonuses and other expensive perks.

Stay tuned. We'll be live blogging the hearing here, beginning at 10 a.m.

--Sara Goo

By Sara Goo  |  February 11, 2009; 6:36 AM ET
Categories:  The Ticker  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz   Previous: Is Geithner To Blame For Today's Market Plunge?
Next: Big Bankers vs. Congress: Classic Washington Theater On Tap

No comments have been posted to this entry.

The comments to this entry are closed.

 
 
RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company