The interim assistant secretary of the Treasury for financial stabilization yesterday had a tone of impatience during a question-and-answer session, leaving some attendees feeling cheated.
The Q&A followed a keynote speech that Kashkari gave at a conference in Midtown Manhattan, which was attended by hundreds of financial executives.
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.
Yesterday's news that the Treasury and Federal Reserve increased the size of American International Group's rescue to around $150 billion from $123 billion intensified concern that Uncle Sam isn't spending wisely.
Meanwhile, Bloomberg News sued the Federal Reserve for information under the US Freedom of Information Act, claiming the Fed refuses to identify the recipients of almost $2 trillion of emergency loans as well as the troubled assets the bank is accepting as collateral.
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- groups:
- News and Politics, WTF
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- synclaire
- added this
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His name is Kashkari?? Sounds like what is going on now ... Kash Kari-ed from the public to the felonious incompetent.
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Why oh why did congress listen, once again, to chicken little and the wall street con-artists to bailout billionaires and give them bonuses? Not to mention the repealing of the tax shelter law. Congress...workin' for us! Yeeehaw! meh.
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Hey FUCK YOU, baldy! You'd better damn well answer some questions. That's OUR money you're stealing!
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This man has a full blown fear of this thing we keep hearing about called transparency.
It just does not compute. -
Screw this guy.
You won't account for where you spend my money you better be prepared to face the consequences of your actions when we find out where it went...
Karma is a bitch... and I have a feeling he's going to be getting a heaping dose of it someday.
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- Ayahuasca2012
- 1 year ago
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Kash N' Kari the sacks for Goldman lol
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is this guy serious? whatever hopefully he's just a temp who will be replaced in january
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- revolutioninamerica
- 1 year ago
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Hopefully, Obama will pick someone more compassionate and understands that ITS OUR FUC**** MONEY!!! So, answer the damn question!
........ or Ya' fyred! -
"I am new enough on the national political scene that I serve as a blank screen on which people of vastly different political stripes project their own views." – Barack Obama / The Audacity of Hope
CITIZENS 2.0 : PLAYERS NOT CHEERLEADERS !
STOP JUDGING POLITICIANS ON WHAT THEY SAY BUT ON WHAT THEY DO !
The Wall Street bailout looks a lot like Iraq — a "free-fraud zone" where private contractors cash in on the mess they helped create
http://www.rollingstone.com/politics/story/24012700/the_new_troughThe Bailout: Bush's Final Pillage
http://www.thenation.com/doc/20081117/kleinReal Change Depends on Stopping the Bailout Profiteers
http://www.naomiklein.org/articles/2008/11/real-change-depends-stopping-bailout-...Yes We Can!
It’s Time for a Just Economy for All!
http://bailoutmainstreet.com/STOP JUDGING POLITICIANS ON WHAT THEY SAY BUT ON WHAT
Politics, it seems to me, for years, or all too long, has been concerned with right or left instead of right or wrong. ~ Richard Armour
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It does strike me as odd that it was described as "snippy" maybe the term "uppity" is too far against PC nowadays?
But perhaps a better description would be "brash, brazen, cheeky, impertinent, impudent or insolent" since those seem more accurate.
Probably tried those tactics to try and distract from the question but hopefully Bloomberg will uncover the facts
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"Whoever controls the volume of money in any country is absolute master of all industry and commerce." - President James A. Garfield
"It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." - Henry Ford
"I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power of money should be taken away from the banks and restored to the people to whom it properly belongs." - President Thomas Jefferson
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- WhiteNoise
- 1 year ago
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"The issue which has swept down the centuries and which will have to be fought sooner or later is the People vs. The Banks." -- Lord Acton, Lord Chief Justice of England, 1875
"History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and it's issuance." -- President James Madison
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Look at the veins popping out of his head...He needs a chill pill..
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What these guys need is a bullet in the back of the head. Without warning.
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THE GREATEST THEFT IN THE HISTORY OF HUMANKIND
http://current.com/items/89330596_the_greatest_theft_in_the_history_of_humankindECONOMISTS AGAINST THE PAULSON PLAN
http://current.com/items/89344263_economists_against_the_paulson_planCRUCIAL BUT STILL IGNORED…
PENTAGON SCORES A BIGGER RIP-OFF THAN BAILOUT
http://current.com/items/89342370_pentagon_scores_a_bigger_rip_off_than_bailout"We are watching a poorly staged rendition of Wag the Dog , interpreted for the morbidly stupid and performed by the criminally insane." - Jules Carlysle
Who are the Architects of Economic Collapse?
Will an Obama Administration Reverse the Tide?
http://www.globalresearch.ca/index.php?context=va&aid=10860Financial Meltdown: The Greatest Transfer of Wealth in History
How to Reverse the Tide and Democratize the US Monetary System
http://www.globalresearch.ca/index.php?context=va&aid=10589"The essence of oligarchical rule is not father-to-son inheritance, but the persistence of a certain world-view and a certain way of life ... A ruling group is a ruling group so long as it can nominate its successors... Who wields power is not important, provided that the hierarchical structure remains always the same.": George Orwell, 1984
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How can he know the difference not even a slap on the wrist.
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Good on Bloomberg for taking action against the fed. Now let's hope no one disappears.
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- meretricis
- 1 year ago
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He can go ahead and get knocked out in public just like the CEO from Lehman Brothers...
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nufsenuf: This thread will help you see how most of us feel about the raping and pillaging of the economic system right under our eyes, like we dont even matter. TWO TRILLION without being told anything. 750 Billion initially. And the money is being printed,no gold backing which a lot of bankers dont even know. the dollar will be worth a nickel if this continues. Banks thumbing their noses and doing just what they please with billions after billions. Now we are paying off sub prime mortgages. We are in dangerous territory of descendiing into a Great Depression. As I said....watch the dominoes fall along with the Dow. Some people predicting with all this loss of confidence in the dollar....we could be looking at 60% losses of wealth.
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This chump is acting like this is his money & he can do whatever he damn well pleases.
I wonder where he got that idea from ?
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- keithponder
- 1 year ago
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A Quiet Windfall For U.S. Banks
With Attention on Bailout Debate, Treasury Made Change to Tax Policy
The financial world was fixated on Capitol Hill as Congress battled over the Bush administration's request for a $700 billion bailout of the banking industry. In the midst of this late-September drama, the Treasury Department issued a five-sentence notice that attracted almost no public attention.
http://www.informationclearinghouse.info/article21201.htm-
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- WhiteNoise
- 1 year ago
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I knew I've seen this guy somewhere before!!! Damn, Bush has gotten so desperate he is now conjuring the undead. Hope Brandon Fraser doesn't get in the way.....or do I?
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These guys work for lobbyist not tax payers.
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- grease_weasel
- 1 year ago
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He knows they are doing things illegal.
In the behind the scenes meeting he got the short end of the stick and had to go out and meet the press.
This guy has got to get some PR Skills...What the Fed can and are getting away with is totally illegal. Their charter was never ratified by the majority of congress in 1914 during a pre-Christmas session of congress.
What a Wicked Web they Weave.
Live Learn Love Grow Evolve, Create-Greatness and give it away...
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Arrogant, at our expense.
