CITI tries to raise cash…PEBO to keep Kashkari on for TARP…(Congressional Critters Heads explode/snark off)
Well, this is unbelievably tone-deaf IMO. They are off their game at Camp PEBO…Congressional Dems (or GOP for that matter) cant STAND Kashkari or anything having anything to do with Paulson and the switch n bait anything but housing approach of TARP. It needs a new face, and Geithner and Summers ain’t new. Send Sheila Bair, we all love Sheila Bair :0)
Timothy Geithner, President-elect Barack Obama’s pick for Treasury Secretary, has asked Neel Kashkari and James Lambright to remain with the Obama team for several weeks to assist with the transition, these people said.
The decision to keep two members of Treasury Secretary Henry Paulson’s team, even for a short period, could rile lawmakers angry over Mr. Paulson’s handling of the $700 billion bailout. The Obama administration is working to revamp the financial rescue and erase some of the stigma associated with the bailout.
Oops! no idea how that got in there, maybe b/c Prince John and Cousin Hiss remind me of Hank Paulson and Neel Kashkari…..(courtesy of Walt Disney and loubear)
Paulson and later the ever-polite, self-effacing henchman Kashkari (another Golden Slacks, I mean Goldman Sachs executive) who appeared on the Hill with absolutely no good reason why they would not implement Sheila Bair’s (of FDIC) housing plan…
Wow, really, this is in error. Just today Barney Frank was appearing on CNBC, see our video sidebar, talking about the implementation of new harsh requirements to access TARP Tranche Deux by the incoming Administration.
They were burned BAAAD in the long con by Hank and now they have to see Kashkari again? We need the damn thing to pass! Oh good gawd, anything Kashkari presents is going to be slammed down HARD by these Congress Critters and who the hell can blame them?
(more videos of Kashkari before Congress after the break)
Update 3: 3:00pm EST: H/T to jbindc at TL, who notes this piece of the ruling, which to us at MiM says it all:
“We note…that nothing in the published rules of the Senate, including Rule II, appears to require that Senate appointments made by state executives pursuant to the 17th amendment must be signed and sealed by the state’s secretary of state. Moreover, no explanation has been given as to how any rule of the Senate, whether it be formal or merely a matter of tradition, could supersede the authority to fill vacancies conferred on the states by the federal constitution. Under these circumstances, the Senate’s actions cannot serve as the predicate for a mandamus action against the Secretary of State. The only issue before us is whether the Secretary of State, an official of this state, failed to perform an act required of him by the law of Illinois. He did not.”
Update 2: Now Fox reporting that Senate Dem aide on Capitol Hill is STILL saying Burris will NOT be seated without that signature, despite the state SC ruling…
Oh come on already!! The SoS DID ENTER the appointment into the register as the Burris papers note in our original report on this topic, linky below..therefore the signature is not necessary, it IS RECORDED..this is what IL SC is saying as well…now Capitol Hill Senate Dem ‘aides’ are saying this makes it MORE difficult to seat Burris? and yet at the same time Reid WANTS to seat Franken? oh come on!
Stop digging a hole and seat the guy! I mean it is a HARDSHIP for this guy to have to keep paying legal fees to get seated at this point…
Update: Dick Durbin to hold news conference in 2 hours….
COURT RULING here
DEVELOPING: FOX reports…
IL SC rules that the signature of the SoS of IL, Jesse White, is NOT required for Burris to be seated.
No further action is required by the Illinois SoS or any other official to make the appointment of Roland Burris to the IL Seat in the Senate valid….
USA Today has it up, finally:
Because the Secretary of State had no duty under section 5(1) of the Secretary of State Act to sign and affix the state seal to the document issued by the Governor appointing Roland Burris to the United States Senate, Petitioners are not entitled to an order from this court requiring the Secretary to perform those Acts. Under the Secretary of State Act, the Secretary’s sole responsibility was to register the appointment, which he did. No further action is required by the Secretary of State or any other official to make the Governor’s appointment of Roland Burris to the United States Senate valid under Illinois law. Moreover, to the extent that additional proof of the validity of the appointment is necessary, Illinois law provides a mechanism for obtaining it without the need for judicial intervention. For the foregoing reasons, petitioners’ request for issuance of a writ of mandamus is denied. Mandate to issue forthwith.
B/C SoS has NO DUTY under SoS Acts, no signature is required
IL Constitution 305.5, Ministerial Duty states SoS is required to certify, thus it is not White’s call…and his signature is NOT required, which is IIRC what White and AG Madigan’s briefs both said…..
A-HA!! That was MiM’s legal opinion as well, heh…
yes the ACT took place when Blago signed and the SoS is not necessary…
Background here from AP
and FOX is reporting that Reid is trying to seat Franken without the legal wrangling being completed in MIN which DOES have a law REQUIRING that the SoS NOT certify until ALL legal actions are done..Reid is on the wrong side of BOTH of these calls…
one more time..WHADDA MAROON!!!
He also slips in BRENNAN as his Assistant to the POTUS for Natl Security, niiiiice. Yeah fake them out with Panetta, then stick Brennan in an unconfirmable spot. Change eh? BWAA-HAAA-HAAA!!!!
Obama also named former CIA official John Brennan as White House homeland security adviser and deputy national security adviser for counterterrorism.
Brennan will face the task of reviewing whether the Homeland Security Council, created after 9/11, should be folded into the National Security Council or remain a separate entity in the White House.
Brennan will hold the title of assistant to the president, a sign that he will report directly to Obama.
If you don’t know the background on Brennan, go read Jeralyn and BTD at TL here
Q/A: PEBO just said if Paul Krugman has an idea he will do it, WELL HELL PEBO OPEN THE NEWSPAPER DAMMIT! Krugman has been writing columns like crazy!