"Using bail-out money for anything other than lending - such as paying bonuses or pensions to Wall Street executives - will be a criminal offence, the powerful chairman of the U.S. House of Representatives Financial Services Committee has said."
Will Congressman Frank carry through with this threat, or is this just political posturing?
November 1, 2008
U.S. warns banks that using bail-out money for pay and pensions to executives will be a criminal offence
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