Monday, October 6, 2008

Paulson Names Former Goldman Sachs Man To Head Bailout

What a surprise another Ex-Goldman man in control of government finances.

Treasury Secretary Paulson has appointed Neel Kashkari to oversee the Troubled Assets Relief Program and the newly created Office of Financial Stability.

Kashkari, a former executive at Goldman Sachs, is the assistant Treasury secretary for International Economics and Development. He joined Treasury in July 2006.

Kashkari, prounced Cash Carry, for a crooked $700 billion slush fund? Who comes up with these names, a realtive of the late James Bond author Ian Fleming?

And , oh yeah, as far as hiring asset managers to actually manage the assets. Asset managers and other private-sector agents involved in running it may be hired "through other than full and open competition," the Treasury said in a statement.

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