Monday, March 23, 2009

Cash and Carry

Neel Kashkari, Geithner's assistant at Treasury, is a Bush holdover and former Goldman Sachs honcho. As No. 2 man in the money department, he's in charge of handing out cash to the already rich via the so-called bank rescue plan that buys up toxic assets. Yes, he must check with Obama or Geithner before he sends the pallets of money to Wall Street. Still, I think Kashkari should be fired even before Geithner. Why? He's not doing the job for which he was hired.

Kashkari's sole requirement these days is to come up with solutions to myriad money problems and what does he do? Nothing other than give out cash (bailouts) to banks -- and his Wall Street friends -- to do with as they wish. What kind of intellect and experience does it take to underperform in such a way? I'll hand out cash for half of his salary, only $100,000 a year. I could call in the trucks to pick up the bucks. I even know someone at UPS so I might get discounts. President Obama, call me.

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