Legal

Major Banks Owe Execs $40B: Frank ‘Disappointed’ By Sparse Lending 

(Update 1: shows Frank’s statement on TARP provisions, released at the time this story was published) With major banks owing billions to executives and some banks stubbornly resisting assistance in capital, House Financial Services Committee chairman Barney Frank (D-MA) announced Friday the committee will hold hearings on the inappropriate use of federal funds.