Marcy Kaptur: “In 2008, Wall Street's biggest banks got Congress to hand over to them $700 billion of your taxpayer money. Now they…”

“In 2008, Wall Street's biggest banks got Congress to hand over to them $700 billion of your taxpayer money. Now they want more. Yesterday, Neel Kashkari, the Interim Assistant Secretary for Financial Stability, gave a speech at the Brookings Institution. He gave fancy sounding bureaucratic names to the $175 billion that he has already forked over. He called it Capital Purchase Program, Asset Grant Guarantee Program, Targeted Investment Program. Essentially he was talking about the $20 billion that went to Citigroup. He asked rhetorically, when will we see the new banks making loans? Well, that is part of his job, to get them to make the loans. But he said as long as confidence remains low, banks will remain cautious about extending credit. Oh, Mr. Kashkari, we know that well. The reason the auto industry is in trouble is because credit has dried up. Car loans can't be made. So let me get this straight: He wants more money, because he has only given $175 billion from the taxpayers' money out there in the country to the biggest banks that did the wrongdoing to begin with, and they are still reluctant to lend. Let me give Mr. Kashkari a dose of reality. Your program isn't working, and it is not working for Main Streets across this country.”