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Bailout Czar Kashkari Squirms Under Interrogation

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opednews.com Headlined to H2 11/18/08

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Infowars has posted a page with several videos showing Dennis Kucinich (D-OH, Chair) and Elijah Cummings (D-Maryland) of the Oversight Subcommittee on Domestic Policy, grilling Neel Kashkari of the Treasury Department about the handling of purported bailout funds, and the prospect there is going to be any tangible positive benefit of any potential policy changes/improvements. They ask questions about issues such as "negative equity,"- which of course are ultimate consequences of price inflation and *intended* escalation of multiplication of debt. But the hearing raises no question which would exact the nature of the problem.

The following link opens the InfoWars page in a separate tab/window (comments I post to InfoWars regularly do not appear on their pages):

http://www.infowars.com/?p=6001&cp=all#comments

This is the page to which my comments respond, but I also embed the YouTube videos:

Elijah Cummings asks Neel Kashkari if he is a chump to AIG, which has given out 503 million dollars in bonuses, while taking 154 billion in taxpayer funds:

General questioning by Kucinich, which after establishing the background, questions what fundamental will solve any of the problems. In fact Kucinich is stating the conditions which require mathematically perfected economy™. He asks Kashkari what they are doing that is going to avoid a Tsunami of further foreclosures? What are they doing about negative equity? (There is nothing they can do; so they aren't solving *anything*.):


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Kucinich asks if the Secretary of the Treasury (Paulson) is even listening to Kashkari. Kashkari begs for an opportunity to give examples of how he is helping home owners, telling us that (if the system had its way) we would suffer even worse. Kucinich corrects Kashkari, who claims the Secretary (Paulson) is passionate about helping home owners, while in fact he has sent a signal to banks to do what they want with the money, and the bailout is virtually not going to help home owners at all:

Brian Bilbray (R-California) testifies that the federal government is very inefficient about managing such assets. Kashkari describes some hair-brained scheme "to attract private"- capital to the rescue (which of course means 1) using the same circulation which should be committed to something else; and 2) *further indebtedness*):

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Kucinich nails Kashkari, asking who he is really working for:

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mike montagne is founder of PEOPLE For Mathematically Perfected Economy ™ (perfecteconomy.com) and original author/engineer of mathematically perfected economy ™ (1979), the singular integral solution for 1) inflation and deflation, 2) systemic (more...)
 

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