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Our tax dollars at work: Citi criticized for $400 million stadium sponsorship . As worldwide banking conglomerate Citigroup accepts a $306 billion government aid package and prepares to lay off 52,000 workers, it won't be trimming back a $400 million stadium deal. Congressman Elijah Cummings (D-MD) appeared on CNN Tuesday morning to declare that industry executives need to realize their place as they...
GM's decision to end its endorsement deal with Tiger Woods is demonstrative of the type of action that every company seeking federal assistance needs to take.
Video: As the U.S. government bails out Citigroup, the company is still going ahead with its $400 million naming deal for the NY Mets stadium. Rep. Elijah Cummings, a critic of stadium deal speaks to MSNBC's Norah O'Donnell about the controversy. (MSNBC)
In the past few weeks, we've heard story after story of corporate excess, often in admonishments toward corporate executives from various congressional committees. CEOs on...
From the Hill's Congressional Blog- After reading yesterday morning that Citigroup–which has already received $25 billion in bailout money–is adamant in maintaining its $400 million naming rights to the new New York Mets stadium, I was shocked to learn that the company came to the federal government asking for an additional multi-billion dollar lifeline. Surely, if the company has the funds to paste...
A recent hearing before the domestic policy subcommittee of the House Oversight and Government Reform Committee was riveting. In part, it was because of remarks by Rep. Elijah Cummings, D-Md.
Congressmen Elijah Cummings (Dem-Maryland) questioned Neel Kashkari during a meeting of the House Oversight and Government Reform Committee recently; bringing up several tough questions for the new Assistant Secretary of the Treasury, according to The Washington Post . The primary emphasis of his questioning was rather straightforward: are we all being “chumped” by the financial industry? The Treasury...
Now that Waxman is taking over Energy and Commerce from John Dingell, we need a strong leader to replace Waxman at Oversight. I nominate either Dennis Kucinich or Elijah Cummings.
At times, it must be done. It simply must. What is "it"? Honest reflection. Meditation. The potentially uncomfortable exercise of asking difficult questions...questions like..." Is Neel Kashkari a CHUMP? " Elijah Cummings, breakin' it down Bodymore -style. A friend of mine whom I had forwarded that clip to told me that Cummings is a genuinely nice guy, which makes it all the more hilarious for him...
From Think Progress: 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: [...] ShareThis
Elijah Cummings calls Neil Kashkari a "chump" - Who is the REAL Chump? Cummings Voted “Yes” on Bailout Edwards, Cummings Vote “Yes” on Bailout Two Maryland Democrats were among those who changed their votes on the Wall Street bailout plan since Monday, shifting from opposition to support and helping push the bill toward passage. Freshman Rep. Donna F. Edwards (D) and [...]
It’s clear from this monologue by Rep. Elijah Cummings that, when he wonders aloud if Neel Kashkari is a “chump” for enabling companies like AIG to hand out huge executive bonuses while seeking federal bailout money, Cummings already knows the answer. READ THE WHOLE ITEM Related Entries November 15, 2008 The Presidency, Transparency and You(Tube) November 14, 2008 ‘Left, Right & Center’: The Economy,...
Neel Kashkari, who oversees the Treasury's $700 billion financial rescue plan, came under fire at a congressional hearing yesterday, notably by Maryland Democrat Elijah Cummings. Cummings was angry about reports American International Group Inc...