Friday, November 14, 2008
Congress Yells At Treasury Over Bailout . . . Nothing Changes
Congressmen Kucinich, Issa and Cummings let the head of Treasury's bailout program, Neil Kashkari, have it today.
Here's Issa:
Here's Cummings:
The spleen-venting might have felt good, but it is likely that nothing will change. Indeed, Congressman Cummings begged Kashkari to stay on into the Obama administration.
Many people - including some congress people and Senators - said when the bailout was being debated, giving Treasury authority over the bailout based on the government's claims of dire economic threat was just like giving the White House authority to wage war against Iraq based on claims of a dire threat of Iraqi-lined terrorism.
We were right.
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