Thread: Whatever Happened to Neel Kashkari?

Neel Kashkari, Former Goldman Sachs Executive, To Head $700 ...Oct 6, 2008 ... Neel Kashkari, the Treasury's assistant secretary for ... shake downs and basically what amounts to massive armed robbery . .... and give it to any bank he chooses and he can even buy unsecured bad debt and auto loans. ...
www.huffingtonpost.com/2008/10/06/neel- ... 32265.html - 142k - Cached - Similar pages

Neel Kashkari in the Hot Seat - DealBook Blog - NYTimes.comDec 10, 2008 ... Neel Kashkari appeared before the House Financial Services ... place with the bailout is “the great taxpayer train robbery. .... Congressional leaders have taken millions of dollars in donations from the bank, financial, ...
dealbook.blogs.nytimes.com/2008/12/10/neel-kashkari-in-the-hot-seat/ - 67k - Cached - Similar pages

Neel Kashkari in the Hot Seat - DealBook Blog - NYTimes.comNeel Kashkari appeared before the House Financial Services Committee to testify on how the ... “How do you know how much money each bank is lending out? ... that has taken place with the bailout is “the great taxpayer train robbery.â€

Answering the question ... Kashkari might be all alone inside an empty Treasury building.

http://blogs.tnr.com/tnr/blogs/the_plan ... asury.aspx

No One Home at Treasury

Question: Who's the deputy secretary of the Treasury?

Answer: Trick question--no one!

As ABC News reports today, Treasury Secretary Geithner has less than 20 percent of the politically appointed spots at Treasury filled, including his Number 2 spot. The article makes such vacancy rates seem outlandish, but historically they're not unusual at such an early stage in a new administration. Nor is it a real problem at the moment, as the policy-proposal and passage stages are handled more by the White House than the Treasury rank-and-file.

But as those proposals become laws, and then programs, Geithner is going to need a lot of reliable people to implement them. The lack of enough good people at TARP hobbled Neel Kashkari's efforts to open up credit markets last fall. All of which complicates the already-complicated recovery calculus: Not only does Obama need good plans, but he still needs good people--or even just warm bodies, at this point--to put them into action.

--Clay Risen


Posted: Wednesday, February 25, 2009 12:13 PM with 2 comment(s)

Comments

liberal reformer said:
here's hoping T. Geithner gets cracking. It is not alarming that these posts are not yet filled, as you say, Clay. We shall have to wait and see as to the quality of Mr. Geithner's future appointments, obviously, though I am a little nervous. The policies of the White House and the Treasury need to be tone-perfect because the stakes are so high.

February 25, 2009 12:35 PM
timteeter said:
" . . . or even just warm bodies, at this point . . . "

I'm available.

Originally Posted by FreedomFirst

The lack of enough good people at TARP hobbled Neel Kashkari's efforts to open up credit markets last fall.

But I would imagine that efforts were not so "hobbled" that the bonuses in the TARP bailout failed to reach their intended recipients...

Originally Posted by FreedomFirst

All of which complicates the already-complicated recovery calculus: Not only does Obama need good plans, but he still needs good people--or even just warm bodies, at this point--to put them into action.

And I can hear them saying that we need to bring in more H-1Bs from India because Americans cannot be found who are "qualified" to do the job.

Is there anything in this country that has not collapsed yet?