She also writes about how 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 E. Cummings (D-Md.).
The subject of the hearing was whether the Treasury Department was using bailout funds to increase foreclosure prevention, as Congress intended. It was Cummings's questioning of Neel Kashkari, the interim assistant Treasury secretary for financial stability, that had me hollering.
During the hearing, Cummings said what I've been feeling for months. In straight-from-the-'hood vernacular, Cummings captured what has been done to American taxpayers.
"Mr. Kashkari, in the neighborhood I grew up in, in the inner city of Baltimore, one of the things that you tried to do was make sure that you were not considered a chump," Cummings said. "And what 'chump' meant was that you didn't want people to see you as just somebody they could get over on."
Corporate America is playing us like chumps. Treasury Secretary Henry M. Paulson Jr. and the folks he's assembled to try to get us out of the economic tempest are being played like chumps. Read More HERE
AAPP: I have to agree Represenatitive Cummings, Corporate America is playing us like chumps. But, the fact of the matter is he is part of the problem, you see, he is one of the 13 black lawmakers who switched from "no" to "yes" on the bailout bill vote. The question is why a majority of the The Congressional Black Caucus supported the bail out bill from the beginning? I guess Elijah Cummings, Donna Edwards and other Congressional Black Caucus members are the biggest chumps for supporting the bill when voters were saying no!
Cross posted on African American Political Pundit.com