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Rep. Cummings asks, ‘Is Kashkari a chump?’

By Satyam Khanna  

"Rep. Cummings asks, ‘Is Kashkari a chump?’"

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In a hearing today, Rep. Elijah Cummings (D-MD) excoriated “bailout czar” Neil Kashkari after reports emerged saying that AIG doled out $503 million to top executives. Noting the financial troubles in his Baltimore district, Cummings asked rhetorically whether his constituents would think Kashkari is a “chump” after learning of the AIG bonuses:

CUMMINGS: 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. You know, because I’m trying to make sure you get it. What really bothers me is all these other people who are lined up. They say, well, is Kashkari a chump?

“I wouldn’t want to be asking my friend for some money to stay afloat. … Then my friend, who can barely afford to go to McDonald’s sees me in a restaurant costing $150 a meal. There’s absolutely something wrong with that picture!” exclaimed Cummings. Watch it:

CNBC and Gawker have more angry reactions from lawmakers.

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