Banks to Assure Congress About Use of Public Funds

To assure the public and congress that the Bailout money is not being used as bonuses for high executives, companies are assuring the public that they are lending. "We have every incentive to lend. And, despite recessionary headwinds, we are lending," Kenneth Lewis of bank of America stated adding "We intend to pay all the TARP funds back as soon as possible,".