Friday, Nov 14, 2008
You can't make this stuff up, boy America's in trouble.
Washington Post: Kashkari Accused Of Bailout “Bait and Switch” During Angry Hearing
Neel Kashkari, the fox appointed to guard the henhouse and front the multi-trillion dollar bailout, faced angry questions from Dennis Kucinich and Rep. Darrell Issa during a hearing today, as Issa accused him of playing a “bait and switch” game with taxpayers’ money. Cash n Carry, I mean, Kashkari, did not do well in the proceedings, have a listen to the youtube clips on the original source, here.
Posted by planning4acrash @ 07:12 PM (501 views) Add Comment
6 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. planning4acrash said...
This is the bit with Kucinich:
2. shipbuilder said...
Good stuff. So is this for real, or carefully choreographed by the NWO to look like democracy?
3. malct said...
jack c excuse my welsh bananna barry island dock disney come redcaote farse
but>
7. jack c said...
@mark wadsworth - "How did your mate get on with his 40 remortgages? All they all on SVR or what?" - yes Mark as the fixed rates expire the borrowers are getting stuck with the lenders SVR - at the moment it would be poor adviceto try and roll them onto either a tracker or new fixed rate because of (a) the rates (b) the associated costs of a new loan ie application/valuation/legal fee etc... Furthermore he cant place them anyway because the LTV's dont fit anymore
In most cases you really need a minimum 25% deposit or equity if re-mortgaging and despite what the Gov would lead people to believe the conditions from a borrowers perspective is worsening by the day.
Friday, November 14, 2008 05:54PM Report Comment
neel v kneel makes sense in welsh / geordie
the terds that disencomfrey the info on this website have no vvvvvvvvvv
hopefully
4. drewster said...
Those with an interest in the American housing crash might be interested in www.EndTheFed.com. Looks like pressure is mounting to tackle the problem at its source.
5. Zz said...
Rep. Cummings of Baltimore, this guy is criminally uneducated, pandering to emotions rather than scrutinizing the questioner. After the first round of questioning, it became apparent that the whole testimony was nothing but a charade masqueraded by the officials to bluster and appear as if they are caustically fighting for the "average" citizen. They went on and on with specific examples of how their constituents are suffering and sophomorically dallying around trivial matters of financial market while entirely avoiding asking any meaningful question from Kashkari. I watched Kashkari's eyes popping out in disbelief that how these buffoons are not even bothering asking him any pertinent question what so ever only to condescend him with snide array of misplaced rage.
This obsession by our leaders to keep homeowners in their home will mark the end of whatever is left in this country resembling prudence and morality. I support saving all homeowners not just the irresponsible 3 million living in Mcmansions.
Congress and Sheila Bair's obsession with this spend-only bailout rewards the reckless and punishes the prudent. Consider the lesson it imparts to promote bailouts to the reckless. City by city, neighborhood by neighborhood, people who live beneath their means and manage money carefully will see more careless neighbors supported by federal decree. And what about the 30 percent of this nation who were smart enough to rent? Or how about the large percentage of us who gave plenty of warnings to these same people the government now wants to redistribute my taxes to so they can stay in a house twice the size the home I live in. The backlash to the 700 B bailout package was not only because of the bailout of wall street but also the bailout of the reckless homeowners and their relentless ATM / HELOC spending. As it is now these people can live in their home for over a year rent free while they find a home they should have been living in from the start.
We are becoming a nation of people who feel it is not only okay but justified to cheat, lie, and swindle each other and the rest of the population. Personal responsibility is discouraged by the government and the mainstream media. Our nation is eating ourselves from within just to keep a facade of prosperity. Hope is being replaced by anger and desperation. Welcome to the new dawn.
6. This comment has been removed as it was found to be in breach of our Blog Policies.