"(Neel) Kashkari, who oversees the Treasury's $700 billion financial rescue plan, came under fire at a congressional hearing today (November 14th), notably by Maryland Democrat Elijah Cummings. Cummings was angry about reports American International Group Inc., which got an expanded $150 billion government bailout this week, is setting aside $503 million in compensation for executives.
'I'm just wondering how you feel about an AIG giving $503 million worth of bonuses on the one hand, and accepting $154 billion from hard-working taxpayers,' Cummings asked Kashkari. 'What really bothers me is all these other people who are lining up. They say, well, is Kashkari a chump?'"
No, he's not the chump: the taxpayers are. Time and time and time again.
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