"Is Kashkari A Chump?" (VIDEO)

Assistant Secretary of Treasury Neel Kashkari, the man in charge of the bailout, went to Washington, DC, today to testify in Congress. They didn't exactly roll out the red carpet for him.

Amid complaints about a lack of transparency in use of bailout funds, changing horses midstream and playing guessing games to save the US economy, Congress slammed Kashkari -- who has already appeared uncomfortable answering questions -- for his performance thus far.

Watch Rep. Elijah Cummings ask, "Is Kashkari a chump?"

AP reports on Kashkari's visit to Congress:

"It's very clear that Treasury cannot and will not make the effort to keep people in their homes," said Rep. Darrell Issa, R-Calif., top Republican on the House Oversight and Government Reform subcommittee on domestic policy.

In the sole hearing on Capitol Hill Friday, Issa and others took turns pressing Neel Kashkari, Treasury's interim head of the $700 billion bailout package.

Rep. Dennis Kucinich, D-Ohio, chairman of the panel, said the Treasury Department had "abdicated its responsibility" to prevent home foreclosures.

He said the change in implementing the bailout announced by Treasury Secretary Henry Paulson this week "breaks with congressional intent, contradicts public assurances previously made by Treasury and leaves the federal government without an adequate mechanism to stem the tide of home foreclosures."

Comments

[sammyscout]

Lets not blame Kneel cash n carry. He is a cog in the machine that is the bu5h administration. Where were all of you when the no bid contracts were handed out to halib urton, KB R, Blac4wat3r et al.

This is your outrage on the price you are paying for your complacency.

[VSamuels]

Kucinich got off the better line when responding to Kashkri who adamently stated he was working really, really, really hard, was met with the response by Kucinich: No one here doubts that you aren't working hard, we are just more concerned with WHO are you working FOR.

[berrycooda]

Well, maybe his name fits the description....kash and carry.....somebody is getting money...

Who is in charge anyway....put a lock on the treasury door and refuse to let any more
money out until somebody accounts to where it is being used ... demand proof of their statements.

Keep going Government the same old way, and this younger generation may not sit on their
behinds like the older people did.....they just might decide to do something about all the
nonsense that is going on.

Hand out some of that money to the states and demand that they use it to start working on the
infrastructure. Make the ones who don't know how to do the work....learn.
The WPA taught a lot of inexperienced people how to do cement finishing and carpenter work along
with many other jobs.....
DO SOMETHING.....DON'T JUST SIT THERE AND TALK BACK AND FORTH.....
AND THEN TAKE AN EARLY LUNCH AND CLOSE FOR THE DAY.....

[rr66]

Kashkarri what an appropiate name too good to be true this is what you get for trusting the government when it comes to money. The American people have had enough of these scumbags robbing the wealth of our hardwork its a good thing we dont incorporate brickwalls as punishment such as standing in front of them. The US Congress should immediately end the bailout and return the money to the taxpayers dont help those who help themselves to our Kash !

[Ron1951]

YES. He is a chump, and we are chumps for letting this go on to the tune of $290,000,000,000.

[PhilipTaylor]

STRONG LEGAL ACTION AGAINST PAULSON and his TEAM for VIOLATING THE INTENT of the BAILOUT! We are drifting into Depression and HE IS HIDING HIS ACTIVITY and has NOT appointed members to the Oversight Committee! Having NO OVERSIGHT was REJECTED BY CONGRESS! PAULSON MUST BE REMOVED ALONG WITH HIS STAFF and a new team installed!

At minimum Congress should not give Paulson the other half!

[Uptick]

"Is Kashkary a chump?" The FED has just handed out 2 Trillion dollars of tax payer's money to their buddies, soon to be 5 Trillion. And they told Congress and the American people to mind their own business. Who are the Chumps?

[ObjectiveRealist]

Citation needed, please

What's your source for $2 Trillion & $5 Trillion? Thanks.

[TRichards]

Holy Smokes! Kashkari's dismissive contempt of congressional oversight (and of congressmen) was written all over his angry face. It's good to know that he'll soon be history.

[Star2000dancer]

Who ca'nt tell this man is a thief & a liar? Put him in some Arab AlQaada garb and I bet he looks perfectly comfortable.

[Star2000dancer]

Did you see the smile on Bushes face when he signed it? And Pelosi. They're all in it together to get every dime, oil, gold, & anything of profit before he leaves office.

[vincfoster]

Cash and Carry? Are you friggin kiddin me? This is some kind of a cruel joke, no?

[breezyholler]

A PIG ..IS A PIG...IS A PIG..AND OUR POLITICIANS CONTINUE TO FEED THE PIGS...AND THEY WILL UNTIL WE THE PEOPLE PUT A STOP TO IT . OUR SILENCE IS WHAT THEY LOVE MOST !

[jaslyn]

He's a wall street crook; What did we expect? If it looks, acts and behaves like a scorpion, it's a scorpion.

[ipaintgolf]

please your senators and congress rep , stop HIG from receiving bailout money of 3.4 billion dollars for buying a savings and loan in florida. Help stop this.

[concernvoter]

I don't know if he's a chump or not, but I do know that he's messing up with the taxpayers monry.

[VivaZapata]

Is he a chump? does a bear do do-do in the woods?

[bascombe]

they are making snide remarks and he is acting like it hurts. but $90Bil is 'missing', the documents redacted and nothing will be done. I will be doing my best to vote out the millionaires who thought to protect their individual portfolios while letting everyone else crash and burn.

[bigfro]

Oh you mean we actually have to help people. I thought this was about hording money before AMerica goes bamkrupt.