Tag: financial bail-out

Dialogue Is Our Friend, Mr. Kashkari!

(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.