POLITICS

Bailed Out Bankers Testify: Live Video, Quotes

03/14/2009 05:12 am ET | Updated May 25, 2011

The eight chief executives from bailed out Wall Street banks are testifying today before Congress. The CEOS will be quizzed aggressively on how they have used more than $160 billion in taxpayers' money. Watch the hearing live here... See below for a list of paraphrased quotes from the hearing.

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JP Morgan CEO: We Bear Some Responsibility For The Current State Of Financial Markets...

Bank Of America CEO: We Are Lending... We Intend To Pay The TARP Funds Back... We Play A Supporting Role In The Economy...

State Street CEO: Myself And Six Other Members Of Our Leadership Team Are Forgoing Incentive Compensation...

Citigroup CEO: We Continue To Reach Out To Homeowners... The World Is Changing Very Fast... I Want To Say Something About The Airplane That Was In The News... We Need To Do A Better Job of Acknowledging The New Reality... My Salary Should Be $1 A Year Until We Return To Profitability...

Wells Fargo CEO: We're Americans First, Bankers Second... We Made A $3 Billion Profit Last Year...

Chairman Barney Frank: If You Want To Give Back The Money, We Will Take It

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