WTF?! Frank "Invites" Bailed Out CEOs To Testify. (TPM reports).

[chill_wind]

Good LUCK with that Barney.

What, No Subpoena? Frank Invites Bailed Out CEOs To Testify
By Zachary Roth - February 4, 2009, 5:38PM

Barney Frank, the chair of the House Financial Services committee, has invited the heads of the first eight banks that received bailout funds to testify at a hearing next Wednesday on the bailout, reports CNNMoney.com.

Those CEOs are:

Ken Lewis of Bank of America; Jamie Dimon of JPMorgan Chase; Vikram Pandit of Citi; Ronald Logue of State Street; Robert Kelly of Bank of New York; John Stumpf of Wells Fargo; John Mack of Morgan Stanley; and Lloyd Blankfein of Goldman Sachs.

But notice that word "invite." It appears that the corporate titans are free to choose not to attend -- even though Frank is seeking crucial information about what their firms did with the hundreds of billions in taxpayer money we gave them.

Indeed, CNNMoney.com adds:

A press secretary declined to comment on whether any of the CEOs have accepted the invitation.

from:

http://tpmmuckraker.talkingpointsmemo.com/2009/02/what_no_subpoena_frank_invites_bailed_out_ceos_to.php

[w4rma]

1. Those are Barney Frank's real bosses. He's been in their pockets for his entire career. (nt)

[BlueJac]

2. Fuck Frank.....

Does anyone work for us anymore?

[chill_wind]

3. Can you believe this SH#T--? Even at this point?

eom

[TheDebbieDee]

4. But, maybe these bozos will be sworn in before they testify!

And the new Attorney General, being somewhat familiar with the law, can prosecute these phuckers when they are caught in tall ones!

[chill_wind]

7. It's sounding very much like Testifying is OPTIONAL. n/t

[napi21]

5. I think that's just SOP in Congress. You "invite" first. If someone is stupid enough

to decline, THEN you issue a subpoena.

[leftstreet]

6. Like the Oil Execs testified under oath in 2005?

oh...wait