Did It Dawn On Anyone?

That a name so easily morphed into Cash n Carry might not be the best name for the dude heading up an office of financial stability? Just sayin' is all. h/t Mary

Oct. 6 (Bloomberg) -- The U.S. Treasury will name Neel Kashkari, assistant secretary at the department, to run the $700 billion Wall Street rescue program on an interim basis, according to a Treasury official.

Kashkari will be designated the interim head of the new office of financial stability, created in the bailout legislation Congress passed last week. The Treasury aims to buy troubled assets such as home loans and mortgage-backed securities from banks and other financial institutions in an effort to shore up global credit markets.

Comments

[Dan]

BOTH names are thus morphable:

Neel = kneel (a sign of subservience to the Gub'mint)

Kashkari = cash n' carry, available to all those who'll kneel

[seekeronos]

"--- Neel = kneel (a sign of subservience to the Gub'mint)

Kashkari = cash n' carry, available to all those who'll kneel ---"

HA!

This proves that the Lord does indeed have a sense of humour.

[Nell]

The Office of Financial Stability?

That's creepy

[Jake]

Clever, Dan. Cramer is squealing for a run on banks. Maybe this new guy will make people kneel before they can cash and carry. Maybe put the fear of Croesus' ghost in them. Even better, as he's not a politician, that he finds out enough information while he's acting as assistant secretary at the department at the Treasury Department to make a few politicians kneel.

[mary]

"In his new role, Mr Kashkari will oversee some key decisions on how the mortgage buyback programme will work. He will also be key to the appointment of about two dozen staff to manage the programme and between five and ten asset management firms.

The appointment of one so young, and with such a low profile, to such a big job, raised a few eyebrows yesterday."

http://tinyurl.com/4gqhyp

Why are there so many Illinois connections and golden slacks connections.

What is here right in front of us that we are missing?

[mary]

"My educational background includes a Bachelor's and Master's degree in engineering from the University of Illinois at Urbana-Champaign and an M.B.A. in finance from the Wharton School."

The Wharton School. Again?

"3. Spearheading our response to the housing crisis by mobilizing the private sector to avoid preventable foreclosures and working to ensure the flow of capital into the housing market, enabling the necessary housing correction to move forward as quickly as possible, and minimizing spillover from housing to the rest of the real economy."

What?

"June 3, 2008
HP-1005

Statement of Neel T. Kashkari Nominee for Assistant Secretary of the Treasury for International Affairs U.S. Senate Committee on Banking, Housing and Urban Affairs" is here:
http://tinyurl.com/53ozkj

[seekeronos]

Hmmm. A 35-year old young'un (as far as economists go, fresh out of his short pants) connected to the Goldman-Sachs (from whence came the Robber Baron Paulson his own self) ... being the assistant chief bean-counter and head of the Orwellian-named "The Office of Financial Stability? "

Uh-huh. Interesting times indeed.

[BobinStamford]

It may be fascinating to underachievers such as yourself, but a lot can be accomplished by age 35. I've worked with guys who have literally retired by 40!

You keep playing around on the internet, though. Seems to be working out well for you.

[mary]

BobinStamford, in the last week I've heard of several guys "coming out of retirement" using as the excuse "you can't play that much golf".

I'm thinking the guy is going to have to use complex mathematical formulas to figure out the derivative mess, reverse engineering. They can't dig their way out of this unless they know what "this" is exactly.

So you just keep insulting people. The fact that you are here tells me there is more to this than meets the eye. Maybe you can illuminate the Obama camp view for us all.

[seekeronos]

"--- It may be fascinating to underachievers such as yourself, but a lot can be accomplished by age 35. I've worked with guys who have literally retired by 40! ---"

To which I answer:

"-----
26 For what is a man profited, if he shall gain the whole world, and lose his own soul? or what shall a man give in exchange for his soul?

27 For the Son of man shall come in the glory of his Father with his angels; and then he shall reward every man according to his works.
-----"
(Matthew 16:26-27, KJV)

What are the true riches, the ones that endure throughout eternity?

Certainly they are not your houses in Manhattan, or your collection of Bentleys and BMWs, or your stock portfolios, all of which are withering away and are being eaten away at by inflation, rust, and rot.

I'll probably not ever be a millionaire, but that isn't even my interest (providing for my family, kith and kin are, but not to the surfeiting of riches which shall pass away).

Bob, will all of your riches follow you after your death? Will they be consumed by the judgment of fire, or will they remain?

Or are you yet still in danger of perising for all eternity in fiery hell?

You do yourself a disservice by not making certain of your eternal security in the few years you may have left on this earth.

[BobinStamford]

Keep that bar low, patriot! But think, if you had millions you could buy more guns, ammo and dried apricots! Heck, you could even build a bunker and invite the noted crackpot and 'doctor' Chuck Baldwin to join you! What a fun time that would be!

[mary]

CNBC sent Cabrera to Luxembourg? Wonder why? Isn't that where the wealthy stash their cash before they pay any taxes?

[seekeronos]

"--- Keep that bar low, patriot! But think, if you had millions you could buy more guns, ammo and dried apricots! ---"

Don't you worry about little ol' me. I have plenty of guns and ammo to keep me well amused, and fed, for that matter.

As for you, seeing as you are such a man of wealth, why aren't you off writing a book or giving to charities for poodles or whatever the devil it is you idle rich do?

Surely soiling your time with us plebeians must be such a bother, no?

Go back to your gated community, or your Manhattan penthouse, or most likely, your mama's basement, where you'll be more welcomed.

[Fred Beloit]

One of the really little people speaks: "I'm for kicking the corporatists out of the Democratic party but preferably, both parties. There's been way too much, of the corporation, by the corporation, for the corporation in government. And too little, we the people.
Posted by: Worst President Ever | Monday, October 06, 2008 at 05:03 PM"

Brought to you by the corporation: computer, TV, radio, gasoline, natural gas, automobile, appliances, roads, eyeglasses, insurance, newspapers, healing and preventive rugs, rifles, books, food, clothing, shelter. Let's by all means do away with or tie up corporations. The do such a lousy job of providing goods and work for the millions.

[Fred Beloit]

"They do...(sigh)

[mary]

WND Exclusive DISPATCH FROM KENYA
Kenya detains Corsi during Obama probe
Officials scuttle WND reporter's news conference on investigation
Posted: October 07, 2008
7:26 am Eastern

© 2008 WorldNetDaily

"Corsi had promised a news conference today that would "expose details of deep secret ties between U.S. Democratic presidential candidate Barack Obama and a section of Kenya government leaders, their connection to certain sectoral groups in Kenya and subsequent plot to be executed in Kenya should Senator Obama win the American presidency."

http://tinyurl.com/47mwbd

[Philip McDaniel]

"It may be fascinating to underachievers such as yourself, but a lot can be accomplished by age 35. I've worked with guys who have literally retired by 40!

You keep playing around on the internet, though. Seems to be working out well for you."

And I've fired smart mouths just like you...and prior, busted some back down.

[seekeronos]

Borrowed from the Campaign for Liberty post --- the lighter side of the New Great Depression:

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

NEW STOCK MARKET TERMS

CEO - Chief Embezzlement Officer.

CFO - Corporate Fraud Officer.

BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius.

BEAR MARKET -- A 6 to 18 month period when the kids get no allowance, the wife gets no jewelry, and the husband gets no sex.

VALUE INVESTING -- The art of buying low and selling lower.

P/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing.

BROKER -- What my broker has made me.

STANDARD & POOR -- Your life in a nutshell.

STOCK ANALYST -- Idiot who just downgraded your stock.

STOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves.

FINANCIAL PLANNER -- A guy whose phone has been disconnected.

MARKET CORRECTION -- The day after you buy stocks.

CASH FLOW-- The movement your money makes as it disappears down the toilet.

YAHOO -- What you yell after selling it to some poor sucker for $240 per share.

WINDOWS -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share.

INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse.

PROFIT -- An archaic word no longer in use.

[Philip McDaniel]

Seeker, you are a witty and perspicacious blogger. It is always a pleasure to read your messages.

[chris]

"NBC sent Cabrera to Luxembourg? Wonder why? Isn't that where the wealthy stash their cash before they pay any taxes?"

Perhaps you should restrict your midday tv watching to the View. I bet Elizabeth has a lot to say!

[mary]

Poor Elizabeth is outnumbered on that program. I don't have time to watch programing targeted to people with nothing better to do. The non multi taskers.