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If they don't like the pay caps, they shouldn't take the bailout money. If they were as 'good' as they (and their apologists) think they are, then they would no

• Tangurena 18y ago
  And it looks like they aren't willing to live with the caps: Bank of America Corp., JPMorgan Chase & Co. and Morgan Stanley may decide after enduring yesterday's Congressional hearing that the old Troubled Asset Relief Program is more trouble than it's worth. Eight chief executive officers of the biggest U.S. banks heard lawmakers in Washington criticize their bonuses, underwriting fees and perks. Rep. Emanuel Cleaver, a Missouri Democrat, read questions from angry constituents asking what banks had done with taxpayer money they’d taken from the $700 billion TARP fund, and Rep. Michael Capuano, a Massachusetts Democrat, said he "cannot believe no one has prosecuted you." {snip} Frank told the bankers if they don't like the restrictions on the government aid, they should return the funds. "We will take it," Frank said. "If there are any obstacles to you giving it back, we will undo those obstacles." http://www.bloomberg.com/apps/news?pid=20601087&sid=aP6xr9LsyklY&refer=home http://www.bloomberg.com/apps/news?pid=20601087&sid=aP6x...