Monday, December 7, 2009

Kashkari Accused Of Bailout “Bait and Switch” During Angry Hearing

Kashkari Accused Of Bailout “Bait and Switch” During Angry Hearing

Sat, 15 Nov 2008 15:15:19 -0600
R359467
1 year ago
FloydAnderson

Oversight Subcommittee on Domestic Policy – 11/14/2008
Treasury Department Use of Government Assistance Funds

Interim Assistant Treasury Secretary for Financial Stability Neel Kashkari

Kucinich to Neel Kashkari: “Who are you working for?”

Post Modified: 11/15/08 18:45:16

R359469
1 year ago
FloydAnderson

Kucinich: “Are you concerned that when you pick winners and losers you’re increasing market concentration that may work against the interest of consumers and other industries? Are you concerned about that?”

Kashkari: “Congressman we are not actively trying to consolidate the industry.”

Post Modified: 11/15/08 21:18:01

R359472
1 year ago
FloydAnderson

Kashkari: “I assure you the secretary is passionate about this.”

Kucinich: “Passionate about what?”

Kashkari: “About helping homeowners.”

Kucinich: “Where? What country?”

Post Modified: 11/15/08 19:29:16

R359474
1 year ago
FloydAnderson

Elijah Cummings: “We cannot afford to be chumps” AIG giving $503MN in bonuses

Post Modified: 11/15/08 17:20:57

R359476
1 year ago
FloydAnderson

Kucinich to Kashkari: “You are picking winners and losers”

PNC using TARP funds to buy National City Bank

Post Modified: 11/15/08 17:34:20

R359478
1 year ago
FloydAnderson

Kucinich: “I think it’s fairly obvious that Congress would have never passed the Emergency Economic Stabilization Act had it known how Treasury would marshal the resources it was given.”

Post Modified: 11/15/08 18:00:45

R359484
1 year ago
FloydAnderson

Cummings: “When I read this morning this statement in this article, in the Washington Post AIG to Pay Millions to Top Workers, I gotta tell you, it made my heart ache.”

Post Modified: 11/15/08 20:08:02

R359537
1 year ago
FloydAnderson

CNN — A key Democratic lawmaker called Tuesday for the resignation of American International Group’s CEO after the troubled insurer held a financial planners conference last week at a posh Arizona resort.

The company responded that the event cost AIG very little and was aimed at boosting income.

AIG had come under sharp criticism for sending executives on a lavish English partridge hunt and a weeklong retreat at a California resort after accepting an $85 billion bailout — since grown to $150 billion — from the federal government in September.

Post Modified: 11/16/08 21:46:46

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