What are Banks Doing with the Bailout Money? - Neel Kashkari

Complete video at: http://fora.tv/2009/01/13/Neel_Kashkari_on_the_Market_Crisis_and_Asset_Relief

Treasury Department official Neel Kashkari answers key questions about the state of banking and the capital investments made by the Troubled Assets Relief Program (TARP). He also predicts future activity in lending and consumer confidence.

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Neel Kashkari, assistant secretary for financial stability at the U.S. Department of Treasury, addresses the federal government's effort to strengthen the financial sector through purchase of assets and equity from financial institutions in the wake of the subprime mortgage loan crisis.

Neel Kashkari was designated as the Interim Assistant Secretary of the Treasury for Financial Stability on October 6, 2008. In this capacity, Mr. Kashkari oversees the Office of Financial Stability including the Troubled Asset Relief Program.

Prior to joining the Treasury Department, Mr. Kashkari was a Vice President at Goldman, Sachs & Co. in San Francisco, where he led Goldman's IT Security Investment Banking practice, advising public and private companies on mergers and acquisitions and financial transactions. Prior to his career in finance, Mr. Kashkari was a R&D Principal Investigator at TRW in Redondo Beach, California where he developed technology for NASA space science missions such as the James Webb Space Telescope.

Category:

News & Politics

Tags:

• bailouts
• money
• federal
• taxpayer
• banking
• finance
• financial
• markets
• economy
• economic
• crisis
• recession
• depression
• lending
• stimulus
• wall
• street
• bailing
• out
• fora.tv
• foratv
• fora
• tv

[adamproskiw]

Neel you have sold your soul.

[blt40]

What are Banks Doing with the Bailout Money? there stuffing there greedy pockets with it as fast as they can.

[Foreshadow44]

If the US government gets debt currency from the Fed then when we did the bank bail out why can't we loan them the money and jack up the interest on them.

[FxOxC]

ANARCHY!!! IT'S THE ONLY ANSWER WE MUST UNITE AGAINST THE GOVERNMENT STOP THE RACITS B.S. IT IS PLANTED THERE BY GOVERNMENT AND BIG BUSINESS!!!

[flushnut]

Thief, get off of my planet!

[ricsibacsi1956]

Watch this guy in the future and be very wary-know him for what he is.

[zokeman]

What the hell is banks so cautious about? It's not their money! So what they just hold it, invest in other things, or send it overseas to gain interest while small businesses suffer? That is stupid!

[uberster]

holy shit mega crooks

[Glenn666]

Criminal bastard

[sysopkc]

Hahahha I remember when this asshole spouted all this garbage. HA! Well its now October and its clear what a lying dumb, asshole this guy really was. Dollar index just bumped 75 and looking lower, thanks asshole.

[PickledRed]

...

[strannick32]

Watch him speak, listen to the words, and learn what a liar sounds like.