Dow picking up steam.
Posted on 10/06/2008 11:05:20 AM PDT by Fox_Mulder77
The Treasury Department plans to tap Neel Kashkari, an assistant secretary of international affairs and a former Goldman Sachs banker, to oversee the government's $700 billion financial rescue program, sources familiar with the situation said yesterday.
Kashkari has been a close adviser to Treasury Secretary Henry M. Paulson Jr. on the credit crisis and helped draft the legislation for the massive rescue plan. He is expected to run the program on an interim basis until the Treasury finds a permanent head, according to sources who spoke on condition of anonymity because they were not authorized to comment. Kashkari's replacement would stay on after the next administration takes office in January.
Treasury today will begin the hiring process for five to 10 asset managers and release guidelines for how it will manage conflicts of interests for contractors who work for the program, the sources said. Officials, however, do not expect the purchase of assets to start until at least the middle of November.
(Excerpt) Read more at washingtonpost.com ...
Birds of a feather flock together
Would you trust someone named “Neel?”
You mean as in "Bush"--the brother involved in the Savings and Loans brouhaha?
That’s it!!! This country is witnessing a coup by Goldman. Look who came from there: Rubin; that commie running New Jersey, Corzine...and check out what kind of bonuses were given out by Goldman last Christmas - millions! Now we the people are making good their bonuses and the bad bets the bonuses were based on. BOHICA!
Yup.
Fibrous, vegetative growth.
Our country is in the hands of druids, fairies, flakes and fakes.
Not “Neal,” “Neel.”
Never seen it spelled like that before. It’s weird.
I think an investment in Goldman Sachs should be pretty safe.
I can’t believe everyone here is fixated on his FIRST NAME..what about his surname? KASH KARI??? Could it be weirder (I posted this story earlier).
Dow picking up steam.
Fox:
This just STINKS!
This is as bad as if they were to pick Barney Frank to head the investigation into what caused the melt-dwon...
Is there any way we can hire the fox to watch the hen house?
Buffett thinks soo. He just gave them 5 billion for a stake in the company which gave him a ton of pref shares at a $115 strike price. This deal will easily translate into billions in profits for Berkshire down the road.
His job should be a simple and quick one.
“Please make one check payable in the amount of $700,000,000,000.00 to Goldman Sachs. Then forward the check by Federal Express to the Goldman Sachs headquarters in NY. Attn Lloyd B.”
All done.
It's Indian.As in,from India.Indian/American.He's been serving under Paulson since 2006 as Senior Advisor.Hasn't done a great job it appears.
Boy, that is sure a relief. /s
This is an excellent start. Now let’s get barry in there and he can nominate franklin raines as his secretary of the treasury, barney to oversee his newly created department of REO, kucinich as secretary of HUD, mcdermott as secretary of defense, durbin as secretary of state. That’s just a beginning. /s off
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