MADISON, Wis. — The Credit Union Executives Society was alerting its membership late today of a possible TV expose on CU business junkets related to the corporate bailout to appear this week, perhaps tonight, on the ABC network news show "20/20."
"It was certainly a case of ambush journalism and what looks pretty unethical," declared Fred Johnson, president/CEO of CUES commenting on the appearance of a news crew filming and later interviewing attendees by phone who attended the trade group's four-day CUES Symposium Feb. 1-5 in St. Kitts in the Caribbean.
The annual educational meeting, which drew 165 volunteers and CEOs, was held at a Marriott Hotel with a 20/20 producer and an assistant "first acting nonchalantly like tourists and asking a lot of innocent questions" about trips and experiences later identifying themselves as journalists doing a story on CUs taking TARP money while engaging taking lavish expense trips.
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"We told them at the time that credit unions have not asked for TARP money and they got their facts wrong," said Johnson.
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