Banks: ‘We’re Lending’

War on CEOs

Updated Apr. 25, 2017 4:10PM EDT / Published Feb. 10, 2009 5:56PM EST

Who says banks aren’t lending? Bank chieftains Jamie Dimon, Kenneth Lewis, and Vikram Pandit say they are. In testimony prepared for their appearance today before the House Financial Services Committee (and the fearsome Barney Frank), the CEOs say that, despite their money woes, “We’re lending.” The bankers plan to acknowledge public anger about their role in triggering the recession and how they spent billions in bailout money. According to Bank of America’s Lewis, taxpayers deserve to know “what return they are making on their investment, and when it will be paid back,” and the bank intends “to pay all the TARP funds back as soon as possible.” For his part, Pandit will say Citigroup has spent $36.5 billion of its $45 billion bailout on “new lending initiatives and other programs,” and JPMorgan’s Dimon will call for the creation of a new bank regulatory system. Will Barney be assuaged?

Read it at The Wall Street Journal

Here’s How Stormy Daniels Was Served With Trump Case Papers

Trump’s legal team is in a battle for information regarding the porn actor—and say they’ve got a photo to prove their case.

Quentin Tarantino Is Scrapping ‘The Movie Critic’: Report

The director “simply changed his mind” on the project, which was set to shoot this year with Brad Pitt in the leading role, according to Deadline.

NBC’s Wacky Plans to Earn More Olympics Viewers Revealed

NBC’s novel approach will be a change from the relatively sober coverage garnered by past Olympic games.

Ted Kaczynski Was Depressed, Had Rectal Cancer Before Death

Kaczynski’s autopsy report says he “was noted to be depressed and sent for psychiatric evaluation” before his death last June.

Texas Water Hack Likely Linked to Russian Spy Agency: Report

The infamous hacking group Sandworm may be branching out, a Mandiant report finds.

Dutch Princess Reportedly Fled to Spain Over Kidnap Fears

Alarming threats interrupted her studies at Amsterdam University.

Scorsese Eyes Sinatra Biopic With DiCaprio and J. Law

The aging director wants to make a movie about Frank Sinatra’s life, but he’ll have to go through Sinatra’s daughter Tina, who controls his estate.

Olivia Munn Told Docs to Do ‘Smaller’ Breast Reconstruction

“Even as the anesthesia was making its way into my body, the last thing I said was ‘Please go smaller,’” she recalled.

Banks: ‘We’re Lending’