A day after the Treasury announced the Obama administration's bank rescue plans—and the stock market fell drastically—Wall Street bank executives are headed to testify in front of Congress. And you'll be comforted to know they aren't taking private jets; CNBC reports, CEOS of Wells Fargo, Bank of New York Mellon, State Street, Morgan Stanley and Citigroup "are taking commercial flights to Washington for the hearing," while the heads of JPMorgan Chase and Bank of America are taking the train. Nightline's Terry Moran spoke to President Obama yesterday, saying, "Judging by the reaction in the markets Wall Street really doesn't like" the bailout plans to which the president replied, "Well, you know, Wall Street I think is hoping for an easy out on this thing and there is no easy out. Essentially what you've got are a set a banks that have not been as transparent as we need to be in terms of what their books look like." But Obama did add, "Keep in mind though, there are a lot of banks that are actually pretty well managed -- JP Morgan being a good example."
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