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House Finance Panels Rips Bankers 02/11/09

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Uploaded on Feb 11, 2009

FUNNY! This clip is focused on Rep. Michael Capuano who rips into America's biggest bankers for all the risky investment vehicles they created and lost huge sums of money on. No mention if Mr. Capuano was involved in the de-regulation that led to the creation of those financial instruments. Do you know? Details please!

Executives from the financial institutions who received funds from the $700 billion banking bailout faced their critics on the House Financial Services Committee on Wednesday February 11, 2009 in Washington. The chief executives at the hearing are: Kenneth D. Lewis of Bank of America, Robert P. Kelly of Bank of New York Mellon, Vikram Pandit of Citigroup, Lloyd C. Blankfein of Goldman Sachs, Jamie Dimon of JPMorgan Chase, John J. Mack of Morgan Stanley, Ronald E. Logue of State Street, and John G. Stumpf of Wells Fargo.

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