He’s In Charge?

October 6, 2008 11:02 am

For all I know this guy’s a friggin’ genius. But did Hank Paulson really just put a 35 year old former Goldman Sachs VP in charge of the entire bailout program?

Let me be clear, on the face of it, Neel Kashkari looks impressive. But VP isn’t even a high position at Goldman. And his background appears to be in tech investing, though he has been leading up Treasury’s response to the housing meltdown (a ambiguous recommendation in itself.)

In any case, I want to be clear. I’m not saying Kashkari is another Michael Brown. But he is going to be in charge of upwards of a trillion dollars, in a task that would challenge an economics and finance genius from any era, and one rife with ethical and conflict of interest pitfalls.

I think we need to hear a lot more about the thinking behind this appointment.

Masthead Masthead
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