Neel Kashkari, Bailout Czar, Not A Fan Of Public Questions

When it came time for questions, the former Goldman Sachs executive told the eager audience that he had time for just "two or three."

In response to the first question, about the government's latest lifeline for beleaguered insurance company American International Group, Kashkari gave a clipped response before quickly moving on.

"This morning's action at AIG was a one-off event" that was necessary for the financial stability of the markets, he said. "He didn't say anything that I couldn't have learned from going to the Web site," griped one mortgage entrepreneur. Treasury spokeswoman Jennifer Zuccarelli said it's not unusual for public officials to answer a few questions before moving on. Kashkari's impatient tone comes amid a growing desire for openness about how government agencies, including the Treasury, are handling billions of taxpayer dollars being used to prop up Wall Street.

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Read up on Neel Kashkari, the former Goldman Sachs exec and current Assistant Secretary of Treasury

Comments

[gentlewomanfarmer]

To ask the question is to answer it: Kashkari is a chump. Having said that, we have seen the power of the electorate twice in two months: the first, when the bailout bill was first defeated, and the second with election of the Obama/Biden ticket. Email and call your elected representatives, and demand that they hold Treasury accountable.

[watchingthings]

He should be carted off to prison. Bubba would probably appreciate a new "boy toy" on his block.

[duze]

Criminal.

[Betsie]

MainStreet ~ It’s Time To Fight Back


Part of the Declaration of Independence

That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government,

MainStreet ~ don’t you think it is about time we stopped listening to these lies and start fighting back, if not for ourselves, for our children and grandchildren? How much more can we take?

That mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed.

MainStreet ~ that’s just what we have done, we are accustomed to being lied to; we keep letting them place straws upon our backs. What straw will it take for us to break and start fighting back?

But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government.

MainStreet ~ isn’t it our duty as stated in the Declaration of Independence to stand up and say NO – no more! ENOUGH IS ENOUGH!!!

MainStreet ~ It’s time to fight and take our country back!

[BushSunkOurShip]

Here is were the automobile investments and money has gone... They want U.S. taxpayers to re-tool their shops...
http://reports.standardandpoors.com/aidata/maccess/g/gm_888_bkgrnd.htm
Just how many of our elected officials have ties to the corporatio­ns....

[GrainOSand]

I am with revolution. Yet, it would take millions to engage in the required effort. Most are so busy trying to make it, they do not have time to think about why they are struggling and that mass work stoppage, mass protest, and mass dissent might be just the ticket to bring meaningful change.

[Tinsdale]

"Czar" Kashkari, Paulson and Bernanke have more loyalty and deeper bonds to their colleagues and high ranking members of the financial community than they do to the American nation. During this crisis, expect them to take care of themselves and their brethern first and their country later.

The arrogance of Paulson's first declaration that he will act without oversight or consequence was deeply revealing. There is a sense that he and his cohorts have not backed off from that statement. They have simply found better ways to game the system.

Neel Kashkari, dismissively answers three questions at a news conference. These individuals are dealing with issues that are the back-bone of our nation and all they can offer is a terse reply or a scowl.

They have nothing to fear because there will be no consequences. They have the three standard defenses of incompetents and scoundrels:
1)The Condi Rice-"Who would have imagined that..."
2)The Casablanca-"I am shocked that there is gambling in Casablanca!"
3)The Sgt. Schultz-"I know nussing.I saw nussing."

Meanwhile outside of these blessed few, our country up to its neck in The Big Muddy.

[sammyscout]

Hey, The country is going down, can I get part of a bailout check for it and also be invited to a few junkets. Can I get some pampering too please, Mr Kneel n CashCarry, please please

[BushSunkOurShip]

Censorship just doesn't stop with Bush. Huffingtonpost is doing a good job of it...

[BushSunkOurShip]

This just shows you their elitist arrogants toward their underclass­....
They just what you to give them your money and shut the h... up...while they continue to steal our wealth...
They do not serve in our military ,, but sure as h... love to send other to die ,, to create and steal other countries wealth...

[Leo12Pack]

He should get out of public service and corporate america and audition for the role of Lex Luther in the next Superman flick.

Should be a great performance!

[ChescoMom]

I was thinking more along the lines of thatdude in TheMummy

[TheOpus]

Kashkari and his wife Minal live in Silver Spring, Maryland[10], but also continue to own a home near San Francisco.­[11] Minal Kashkari is employed as an engineer at Lockheed Martin Corporatio­n.[12]
(from wiki)

so ... he's helping design deadly weapons, most likely, when he's not busy getting snippy with reporters and handing AIG billions of dollars .... great guy !!

[TheOpus]

shouldnt he be spelling his name :

"Kneel N. Cash-Carry"

i mean really... is that a joke? KashKari is the name of the bailout czar????? !!

quote of the year: "you cant make this stuff up..." holy s#it.
i might as well change my name to Neil N Bob, or Ben Dover, considering how i'm servicing wall street with my tax dollars.

[CitizenoftheRepublic]

Can't we all just go on vacation and tell these folks F^&K YOU!!! I am down with a NATIONWIDE INTERVENTION of TAX PAYERS! This group of money changers has turned the entire economic picture of the planet into a swamp and there is nothing left but snakes and bugs. No one has the balls to tell us that we are FLAT BROKE and that the REAL DEBT our good' ole USA is scrambling to rescue is knocking at the door of $50 TRILLION. The actual debt laid at the door of EVERY SINGLE AMERICAN is close to $166,000.0­0 worth of TAX DEBT (that includes you, your spouse, children and grandchildren (6 degrees of Kevin Bacon)). We are looking at a global filing of BANKRUPTCY! I am curious after the dust settles and the purging of population slows... who will be in charge. I hope not these F*&KERS!!!

[TheOpus]

take the 700 billion. divide that by the number of taxpaying citizens in the country (around 140 million, i think??) .
that number would be somewhere between $4000 and $5000, if so
write every taxpaying citizen a check for $4000. after all, it is our money, right ???

That would yield better results than the "bailing out the rich". people could catch up on their mortgages, reduce credit card debt, or just spend the money. all those things would have a huge impact on the economy, and it would be going straight to the bloodstream and would be completely transparent.

it would also be easier to oversee the procedure. but no, we have to keep eating s#it while AIG execs dine on caviar THAT WE ARE BUYING FOR THEM !!!!

[Foreground]

Remember, the population isn't composed solely of taxpayers; there are children, etc... On another post, someone posited that the number is more like $25,000 per tax payer.

[Eastexgal]

What he was really thinking..­."Sorry folks we're out of prepared lies and I'm not good at thinking on my feet to come up with new ones."

[bngood40]

Did this cretin escape from some middle-east asylum. I wouldn't let him control one cent of my money if I had a choice.

[aweissnet]

Yeah, he looks like the mummy dude. He probaby gets his head waxed on a regular basis.