03/18/2010 05:12 am ET Updated Dec 06, 2017

Bank Of America CEO Moynihan: 'No Disconnect' Between Lavish Exec Bonuses And The Crumbling Economy (VIDEO)

ABC News caught up with the nation's top banking CEOs after they left Congress's financial hearings and the contrite attitude they displayed to Congress regarding their role in bringing the U.S. economy to the brink was nowhere to be seen when reporter Jonathan Karl asked them about extravagant bonuses.

Bank of America CEO Brian Moynihan told Karl that he saw "no disconnect" between lavish bonuses for executives at bailed out banks during a very tough economic climate for the average American.

Morgan Stanley chairman John Mack , despite foregoing his own bonus, cryptically defended giving bonuses to his executives: "You have got to the deal with them, or I will deal with them."

JP Morgan CEO Jamie Dimon wouldn't answer.