"Senators seek more help with housing" by Bloomberg News | October 24, 2008
WASHINGTON - US lawmakers urged the Bush administration to step up aid to struggling homeowners, saying the Treasury's plans to buy stakes in banks won't fix the housing collapse that underlies the financial crisis.
The Bush administration hasn't shown "the required dedication" to curb mortgage foreclosures, Senate Banking Committee chairman Christopher Dodd said at a hearing with policy makers yesterday. Richard Shelby, the panel's top Republican, said that unless the government deals with those fundamentals, "we're going to be wasting a lot of money."
I was told by you guys -- when you were boasting about passing this looting bill -- that all the oversight was taken care of!!
No we find out NO?!!!!
Also see: Healthy Banks to Get Bailout Bill Loot
Government-Funded Golden Parachutes
And you WONDER WHY we are ANGRY?!!!!
Legislators also pushed Neel Kashkari, the interim Treasury assistant secretary who heads the office overseeing the bailout, to ensure that banks use the new capital to lend, rather than hoard the cash. --more--"
Too late: America Never Had a Chance
And notice how QUIET the joosmedia has been in regards to Mr. Kneel, Cash, and Carry?
Don't you think they would have at least done a PROFILE on him?
"Treasury Secretary Henry M. Paulson Jr. yesterday named one of his former Goldman Sachs colleagues, Neel Kashkari, interim head of the newly created Office of Financial Stability, which will oversee the bailout fund"
Oh!
