If you're going to solve a problem, it helps to have some working for you who understands all the aspects of the problem. Any one with that kind of knowledge will be working, or have worked, in the financial industry. Why don't we look at this guy's credentials and accomplishments instead of just labeling him because of his former employer.
As for finding someone who knows something about the Resolution Trust debacle, everyone I know who was involved in handling it has long since moved on to other jobs, and we barely remember what we did. The current crisis only resembles RT on the face, anyhow. The problems with credit derivitives alone make this an entirely new ballgame. That being said, I'd bet a dollar that I get at least one offer by the end of month to work on this mess. Unless they offer me a large chunk of the 700 billion, my answer is gonna be a big no. On Tue, Oct 7, 2008 at 7:19 AM, Gruss Gott <[EMAIL PROTECTED]> wrote: > With bailout head, Paulson turns to Goldman again (snip) > Treasury Secretary Henry Paulson turned to a familiar source when he > picked a director for the government's $700 billion bailout program: > his former Wall Street firm, Goldman Sachs. (snip) > Neel Kashkari, a former Goldman executive who has worked with Paulson > at the department since July 2006, was chosen Monday as the interim > head of the government's unprecedented effort to unclog the credit > markets. (snip) > Not everyone shares Paulson's enthusiasm for Goldman Sachs. > > Robert A. Eisenbeis, a former director of research at the Federal > Reserve Bank of Atlanta, said Paulson should have chosen someone more > familiar with the government's response to the savings and loan crisis > of the late 1980s and 1990s, when the Resolution Trust Corp., was > created to dispose of billions of dollars of assets from bankrupt > savings and loans. > > "The kind of people that you need are the ones who were associated > with RTC and had experience dealing with these large volumes of > assets," Eisenbeis said. "Working at Goldman Sachs doesn't qualify you > for doing this job." ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:272824 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
