Yes They Can: Corporate jets get some bank execs to Capitol Hill

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“Some U.S. bank executives are taking the corporate jet out for a spin to Capitol Hill, as they explain the causes of the banking crisis to a U.S. Congressional panel.
At least two of the four bank chiefs scheduled to testify on Wednesday in front of the Financial Crisis Inquiry Commission are arriving in Washington by corporate jet. The commission is a 10-member group formed by the U.S. Congress to examine the causes of the financial meltdown.
Bank of America Corp Chief Executive Brian Moynihan and JPMorgan Chase Chief Executive Jamie Dimon used their company jets to travel to Washington for the hearing, company spokesmen said.
“We use a full range of travel options, including corporate travel, and given a very aggressive travel schedule for a new CEO to several markets, we did not want to miss this important meeting,” said Larry Di Rita, Bank of America spokesman.”

Full Story from Reuters: http://www.reuters.com/article/idUSTRE60C0D620100113