Financial Stability Measures Oversight, Part 1

Mr. Kashkari testified about government oversight of emergency aid given to financial institutions under the Bush… read more

Mr. Kashkari testified about government oversight of emergency aid given to financial institutions under the Bush administration. In his testimony he said the government should refrain from micromanaging banks that receive taxpayer assistance and should not pressure banks to make loans that bankers might deem risky. He responded to questions about whether taxpayer money and the Treasury strategies are actually loosening credit markets.

He also talked about plans to unveil a new public-private investment fund that will be used to purchase assets, such as toxic mortgage related securities at the heart of the financial crisis. Mr. Kashkari said the private sector has voiced interest in the program and said he expects pension funds and mutual funds that hold retirement savings to be among the major investors. close

*The transcript for this program was compiled from uncorrected Closed Captioning.

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Financial Stability Measures Oversight, Part 1

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Program ID:
284565-1
Category:
House Committee
Format:
House Committee
Location:
Washington, District of Columbia, United States
First Aired:
Mar 11, 2009
Last Aired:
Mar 15, 2009

Airing Details

  • Mar 11, 2009 | 8:11pm EDT | C-SPAN 1
  • Mar 12, 2009 | 4:13am EDT | C-SPAN 2
  • Mar 15, 2009 | 1:04pm EDT | C-SPAN 1
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