• 17 Nov 2010 at 5:16 PM

Neel Kashkari Gives The Bailout Two Thumbs Up

When we last checked in with Neel Kashkari in December 2009, he wasn’t doing so hot. He’d barely escaped from the Treasury intact and was holed up in the woods starving himself in an effort to lose the 20 pounds he’d put on working with Hank but even more so to exorcise the demons he’d acquired during the worst year of his life. Fast forward 11 months later and it appears that time really does heal all (as does the daily Conga line around the PIMCO office). Kashkari is refreshed, happy, and finally ready to speak about Project TARP, which he did on Bloomberg TV this morning. At the time, Kash-K says, the bailout felt a lot like giving yourself an at-home budget colonic but in hindsight it’s something he can now appreciate.

“In the worst moments of the crisis, I didn’t know if we’d get even a dollar back. I thought it would cost all $700 billion at the worst moments. I certainly didn’t think we’d get any money back from the auto companies or AIG. The fact that they’re now getting healthier and in a position to pay back some of the money, hopefully all of it, is a resounding success beyond my own wildest dreams. The American people should feel very good about it. We did something very unpleasant, distasteful, but it was effective and much less costly than we expected.”

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Comments (10)

  1. Posted by Anonymous | November 17, 2010 at 10:31 PM

    Sounds like he spent some time at Hooters: “Delightfully tacky yet unrefined”

  2. Posted by Guest | November 17, 2010 at 10:43 PM

    Who?

  3. Posted by Guest | November 18, 2010 at 12:08 AM

    “We did something very unpleasant, distasteful, but it was effective and much less costly than we expected.”

    Sounds like Neel has been hanging out with Charlie Sheen…

  4. Posted by tits | November 18, 2010 at 12:35 AM

    Chai Wallah

  5. Posted by Covey 01 | November 18, 2010 at 8:14 AM

    Money for nothing and chicks for free!

  6. Posted by Lloyd's cousin | November 18, 2010 at 6:36 PM

    Obvious Paki terrorist is obvious.

  7. Posted by guest | November 18, 2010 at 6:43 PM

    Neel “The Hills Have Eyes” Kashkari should go back to what he is good at (i.e. managing a 7-11)

  8. Posted by Anonymous | November 18, 2010 at 8:17 PM

    The guy was born in Akron, Ohio. You have a better chance of working at a 7-11; managing one may be too advanced for you.

  9. Posted by Anonymous | November 18, 2010 at 8:17 PM

    The guy was born in Akron, Ohio. You have a better chance of working at a 7-11; managing one may be too advanced for you.

  10. Posted by Anonymous | November 18, 2010 at 8:17 PM

    The guy was born in Akron, Ohio. You have a better chance of working at a 7-11; managing one may be too advanced for you.