decisions, we made the best decision that s we could have. sn senator, there were a series of events that occurreded that led us to this. this was bone deep. it was down to the marrow. stupid. senator elizabeth warren pressed becker in a heated exchange in how much of his own compensation he was going to return. how much of the $40 million are you planning to return? how many times would we do this dance? senator, i promised to cooperate with the regulators as they are you planning to return a single nickel? senator, i no he there is going to be a process review of compensation. i ll take that as no. joining us is christine romans. much. that was something. bipartisanship on capitol hill. we haven t seen that in a while. republicans and democrats are rightly pressing the bank ceos
the tens of millions of dollars in compensation that they made in the years before their banks blew up. they were questioned about whether or not they would give any of that compensation back given that these bank failures are costing the fdic insurance deposit fund billions of dollars. listen to this exchange between senator elizabeth warren and the ceo of silicon valley bank. how much of the 40 million are you planning return to? how many times are we going to do this dance? senator, i promise to cooperate with the regulators are you planning to return a single nickel to what you cost the fund? senator, i know there s going to be a process review of compensation. i ll take that as a no. now, warren went on to champion a bipartisan bill that she s introduced with republican josh hawley that would give regulators new powers to claw back executive compensation from banks that have failed. warren said that this would, quote, make it a little less
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