Huffpost Politics

Bailed Out Bankers Testify: Live Video, Quotes

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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