Chief executives of the eight financial institutions that were first to get taxpayer-funded capital infusions under the Troubled Asset Relief Program have been asked to testify at a House Financial Services Committee hearing Wednesday.
Lawmakers want to know what banks are doing with the $165 billion so far lent to them, the Wall Street Journal reports.
Bankers insist TARP funds are being plowed into loans, but many in Congress are skeptical. Headlines about corporate junkets and jets are fueling even deeper fury.