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Bipartisan panel grills Wall Street CEOs

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WASHINGTON (AP) -- Top bank executives defended their bonus and compensation practices to a special commission investigating the 2008 financial collapse Wednesday, but the head of the panel asserted that risky financial actions led to devastating consequences for American families.

Phil Angelides, chairman of the Financial Crisis Inquiry Commission, told the CEOs of top U.S. banks that Americans are angry and "they have a right to be."

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