Kucinich to hold hearings on wasted bailout money
Dennis Kucinich is unhappy with banks that have taken bailout money then paid out money in large advertising deals. Citigroup will pay out $400 million to put its name on the new New York Mets stadium.
Kucinich told CNN’s Carol Costello that he plans Congressional hearings to examine waste by banks that have taken federal bailout money. “I’m announcing it now. We are going to hold hearings on this but I’m looking at the bigger picture, too. It includes how they waste money on naming stadiums but there are other areas, too, where the money is not being spent in the way congress intended,” said Kucinich.
This video is from CNN’s American Morning, broadcast Feb 9, 2009.