Yes, Kashkari Is A Chump (?)

Take a look at this video of Neel Kashkari, who is the person currently in charge of the TARP program for the federal gov't. By now, most of you have seen the video. In case you were wondering, yes I would classify Kashkari as an American Desi.

Regardless, Kashkari was definitely not prepared to testify before Congress. There were several occasions during the testimony when he didnt know what to say. Perhaps he was caught off guard by the reception he received. I wonder what he expected.

At one point during the interview, he said he didnt think taxpayers money should be used to support banks that were going to fail. Huh? I thought one of the reasons the gov't bailout is in existence was to save the banking system! So if these banks weren't going to fail, then why did they need the money in the first place?

He didnt have any good responses to questions about why AIG execs were taking govt bailout money in one hand and then going on expensive business trips at the same time. Taxpayers should be outraged their money is being used to save companies where the execs are going on expensive business trips in exotic locations.

It was an ugly session for Kashkari.