What has Neel Kashkari been up to lately? Chopping wood, mostly, in attempt to “decompress” from the stress of last year, up at a “secluded mountain cabin” in California. Getting away from it all has helped Hank Paulson’s little buddy center himself and offered some serious time for reflection. And up there, in the woods, decked out in flannel, know what he’s reflected on a whole lot? The fact that his former employer, who will not be name-checked at this time for security purposes, is full of shit. (Leaving names out of this on the off-chance Kash-K decides he wants to return to the golden ball pit.)
“Every single Wall Street firm, despite their protest today, every single one benefited from our actions,” he said. “And when they get up there and say, ‘Well, we didn’t need it,’ that’s bull.“They did need it. And they’re all happy with the actions that we took, and they need to show restraint today.”
As for you, Representative Cummings, why don’t you come out to my cabin and we’ll settle once and for all who the chump is? Let’s see your clippers.
The Economic Bomb That Didn’t Drop [NYT via NYM]
Posted by guest , Oct 26, 2009 10:07AM
What's the tea bag boy up to these days?
Posted by guest , Oct 26, 2009 10:14AM
"Those who fail to recognize that the aid given by governments to the financial system benefited everyone are deluding themselves."
-Lloyd Blankfein, salt of the earth
Posted by JD , Oct 26, 2009 10:16AM
Well, we didn't need it. Bitch.
Posted by merkin capital partners , Oct 26, 2009 10:18AM
Dot, not feather.
Posted by guest , Oct 26, 2009 10:19AM
@2 but he also said they didnt' need it, and that he would've have taken the money if he could've anticipated the bonus backlash.
Posted by guest , Oct 26, 2009 10:27AM
@gherkin, tsk, tsk.
Posted by guest , Oct 26, 2009 10:29AM
@3 I'll give you a crew cut.
-NK
Posted by guest , Oct 26, 2009 10:30AM
I thought he was Chaldean!
-Bodega Owner, Detroit, MI
Posted by guest , Oct 26, 2009 10:33AM
@3 you took it though didnt you
Posted by guest , Oct 26, 2009 10:35AM
@9eat a dick.
-JD
Posted by guest , Oct 26, 2009 10:35AM
@5
The point 2 was making was that they benefitted even though they didn't need it. the discount window and TGLP both aided Goldman's profits via shrewd use.
Posted by guest , Oct 26, 2009 10:36AM
Is it just me or does anybody else find it weird that we gave a terrorist $700B to control?
-Raj
Posted by guest , Oct 26, 2009 10:36AM
@3 - and you're still taking it, douche.
Posted by guest , Oct 26, 2009 10:36AM
guy was a VP at Goldman.
Posted by guest , Oct 26, 2009 10:39AM
@13 how is JPM still taking tarp money? what are you talking about?
Posted by guest , Oct 26, 2009 10:41AM
@14 thanks for cluing us into something everyone already knew.
-HP
Posted by guest , Oct 26, 2009 10:42AM
@14 is always proud when his brothers make it into the big leagues.
Posted by guest , Oct 26, 2009 10:43AM
@15 - see @11. Same is true of JPM. The NASD also did JPM a huge favor by allowing mark to fantasy. JPM and GS can eat a dick.
Posted by CoveredLong , Oct 26, 2009 10:44AM
@16 - I am not familiar with this 'guy' character, is he related to 'hermano'?
-GOB
Posted by guest , Oct 26, 2009 10:45AM
I refuse to molest anything but the finest virgin sturgeons.
Dennis Kneale
Posted by guest , Oct 26, 2009 10:54AM
@covered - I don't want no part of yo' tight-ass TARP money, ya freak bitch.
-Franklin
Posted by guest , Oct 26, 2009 10:58AM
indian VP of shitty group at goldman in charge of TARP? what did we expect to happen?
Posted by guest , Oct 26, 2009 11:52AM
@5, LB said that Goldman was healthy, but that taking TARP was the right thing to do for "the system."
No different from what Kashkari himself said: "Because the private sector was unwilling to take risk, we needed to take risk in the financial sector. ... We feel very strongly that healthy banks of all sizes, both public and private, should use [TARP] to increase lending in their communities."
Posted by guest , Oct 26, 2009 1:14PM
TGFD is with Neel on this one occasion, only. As far as anything else concerning Neel goes, I know that he was just a stooge for goof-ball Paulson, and anything he said or did was suspicious. WhyTF didn't Neel speak up back then? Chicken shit, that's why.
The Guy from Delaware
Posted by guest , Oct 26, 2009 2:12PM
@TGFD,
NK isn't "speaking up." He's not saying anything now that he didn't say at the time. The man makes a real virtue of consistency.
The only story here is that the NYT caught up with him.
- 2, 23
Well, also that he takes advice from Mr. Cheney. That's new.
Posted by guest , Oct 26, 2009 3:37PM
A Log Cabin Republican, eh? How's the weed coming, Kneel?