Bank CEOs Admit Mistakes at Financial Crisis Inquiry Commission Hearing

The leaders of four of the nation's most powerful financial institutions were greeted this morning with a stern, oft-repeated message: the American public is outraged. "People are angry. They have a right to be," said Phil Angelides, the chairman of the Financial Crisis Inquiry Commission. "The fact is that Wall Street is enjoying record profits and bonuses in the wake of receiving trillions of dollars in government assistance while so many families are struggling to stay afloat." The...Full Story
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