My personal feel as I watched the "grilling" session of the the bank CEOs that received the TRAP; quite frustrated at the constant repetition of the questions. While I understand that it is rightly fair that the taxpayers would demand to know the use of their money, the questions to ask could have been more focused.
The valid question would have been the money used to ease up the lending and how that has translated to the common public. Jamie Dimon of J.P. Morgan Chase & Co. explained the situation best.
See news reports below.
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