Kashkari (Bailout Egghead): "Bailouts Are a Bad Idea"

November 14th, 2008. Interim Assistant Secretary of the Treasury for Financial Stability --Neel Kashkari went to Capitol Hill to explain changes to the $700 billion Federal Intervention Plan (Bailout funds), which no longer included buying troubled assets.

This time Kashkari, accused of playing Bait and Switch, contradicts himself quite silly:

"I don't think it's a good use of taxpayer money to put taxpayer capital into a financial institution that is going to fail"

Thus, self-deprecating every financial bailout carried by the Treasury Department in the last months, including the very effort Kashkari is actually working on.

Government (Treasury Department) has stepped in -TWICE- to save American International Group Inc. (AIG) from failing. In September, 2008, the U.S. government seized control of AIG in an $85 billion bailout. This November, government has rescued AIG again, agreeing a $150 billion financial bailout for the insurer.

Watch the whole hearing at C-SPAN (copy-paste in Real Player):
rtsp://video1.c-span.org/project/economy /econ111408_treasury.rm
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[onstageagain]

My friend, if you are a American. Just the fact that you are here on this subject... If you don't know who Gerald Celente is , you are doing yourself a disfavor. All Americans need to listen for 3 min... right here on You Tube... We are at the end of what use to be a great country Americans. Please be informed ... listen to this on

You Tube...

Gerald Celente warns of the next US Great Depression. PART 1 ..

[Stomplar]

Yah he is. total slime. he needs to be removed from the earth

[eysi0072]

AHAHAAH FAIL

[NWOpartycrasher]

Kashkari is scum