Congressmen Hear from TARP Recipients Who Funded Their Campaigns
The eight CEOs testifying Wednesday before the House Financial Services Committee about how their companies are using billions of dollars in bailout funds may find that the hot seat is merely lukewarm. Nearly every member of the committee received contributions associated with these financial institutions during the 2008 election cycle, for a total of $1.8 million. And 18 [...]
Power Players: Despite Industry Funds, Frank Cracks Down on Bailout Recipients
Name: Rep. Barney Frank (D-Mass.)
Position: Frank will continue his role as chair of the House Financial Services Committee, which he undertook in 2007, just before the country’s economy started to slip into a recession. The Democrat had been the ranking member of the committee, which has jurisdiction over the housing and financial sectors, since 2003. [...]
Power Players: Despite Industry Funds, Frank Cracks Down on Bailout Recipients
Name: Rep. Barney Frank (D-Mass.)
Position: Frank will continue his role as chair of the House Financial Services Committee, which he undertook in 2007, just before the country’s economy started to slip into a recession. The Democrat had been the ranking member of the committee, which has jurisdiction over the housing and financial sectors, since 2003. [...]