(8 am. – promoted by ek hornbeck)
(h/t Huffington Post)
I hate to link to The New York Post but oh well.
To see Neel Kashkari field questions from a crowded room, one might think he’s still being paid by Goldman Sachs rather than American taxpayers.
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.
He tersely called the additional cash piped to AIG a “one-off event.” Well, glad to have that cleared up!
I hope more news organizations follow Bloomberg’s action:
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.
I’ll be damned if I’m going to speculate about a yet-again secretive series of actions using our taxpayer money. The issue here is about transparency — we shouldn’t have to run around like Nancy Drew finding out what should be neither a secret nor a mystery.
We’ve lived for 8 years under the most secretive misAdministration in my lifetime. Clearly our corporations and other big bidness has been secretive as well, and it’s become a national sickness, imo.
Enough already. Time to let the sunshine in … all the way in.
16 comments
Skip to comment form
Author
… at the orange.
(Thanks to YouTuber heldrap for video and description: “An energetic group of young performers sings “Let the Sunshine In” in Washington Square Park, before they meet author Jim Rado.)
But then again, maybe it’s just time to call the cops.
And he’s in his first position rubbing shoulders with the big guys, people with real power, power to create or destroy economies and countries. Him they could snap like a dry twig and nobody would care. He probably shouldn’t even be talking to reporters and probably thinks he needs to say whatever he thinks will please his bosses, lest he be ruined forever…
…the post is an abomination from the pit. Out here in the provinces, the Fremont newspaper place is out of posts the minute they get in…it’s like people want that pee smell and to hear the train go by, and remember what it was like to live somewhere people actually talk to you…
…having deputized the Fed into the bailout is hugely problematic, because the question of who oversees the Fed is so unclear (the answer may be “no one”). Treasury is in WAAAAY over their heads; they don’t seem to have any idea what is going on.
Part of the problem is that it isn’t just Bush administration flunkies being secretive – Barney Frank won’t give details either.the investigations of the ratings agencies are going nowhere – hell, they seem to have stopped.
AmEx is asking 3.5 Billion aid from federal goverment.
How dare we little people question the mighty and august beings that rule us from atop
Mt OlympusCapitol Hill, the Fed. Reserve, the WH, and, of course, Wall St.Mr. Kashkari–who will forever be Mr. Cash (&) Carry in my mind–just wants us to be quiet and fork over the cash, so he can carry it to his friends & colleagues in the financial world.
Well, Mr. Cash Carry, we the people pay your salary (unfortunately) and we have a right to know what you are doing with the money that our Congress so obligingly handed over to you. And you, Mr. Cash Carry, have an obligation to inform us of your every action, motivation and the outcome of your actions.
but if we are to use tax payer funds, then all meetings and such should be open to the public. As far as I am concerned, AIG is now a government body like Amtrak or the PBS. Good post, Nightprowlkitty!