Tuesday, October 7, 2008
Kashkari the new member of the TARP
Paulson is selecting his team to implement and manage the TARP. Latest recruit is a guy from Goldman called "Neel KashKari". What a name!!! What irony. At first I thought it was a joke. That kashkari was an imaginary robot, I mean look at the face!. You can't make stuff up like that. This is starting to read like a super-hero comic.
Of course political chorus cries GS bias as well as lack of experience in the relevant products being dealt with at the moment. From my 10,000 ft I give the Paulson/Bernanke team the benefit of the doubt. Teams are important, if you know and you trust some people, in times of crisis it is normal to fall back to known devils.
Paulson was the CEO of GS for a long time (2001-2006), it would be normal for him to handpick young talent to implement TARP. Who really wants that job? Obviously these guys should be scrutinized publicly like Britney Spears. I don't know cash and carry is kind of scary.