Didn't Someone Say "Shit Flows Downhill?"

Not To Worry...Somehow Government Will Always Manage To Stir It Back Up To The Surface...


Anyone care to guess who's going to be in charge of spending your/our "$700 billion" worth of rescue money?

(cue the sounds of the crickets chirping...)

I'm waiting...

Hang on to your hat and your teeth and take a look at this story with the headline "Paulson taps former Goldman Sachs executive to run $700 billion rescue program."

WASHINGTON - The administration has selected a former Goldman Sachs executive to be the interim head of its $700 billion rescue effort for financial institutions.Neel Kashkari, the Treasury's assistant secretary for international affairs, was selected Monday to be the interim head of Treasury's new Office of Financial Stability.

The designation was made by Treasury Secretary Henry Paulson, who was the head of Goldman Sachs before he joined the Bush administration in 2006. Kashkari, 35, will head the office created by the emergency legislation enacted Friday to fund the largest government bailout in history.

Here's the US Department of The Treasury website's bio on Mr. Kashkari.

And here's the Wikipedia write up on the new "financial crisis tsar."

Either we're going to end up loving this guy or hating him, but having a couple of engineering degrees from University of Chicago Campaign AND an MBA doesn't remove him from my scrutiny and suspicion since he worked both for Goldman Sachs and our government.

Knowing the government and having a few run ins resulting in losses on Wall street, my money is on him keeping the status quo and screwing everything up in the process of keeping the politicians and special interests happy.

Is it just me?

UPDATE (6:42 AM) I almost forgot my original point...WHY NOT HIRE SOMEONE WITH EXPERIENCE RUNNING ONE OF THE MANY BANKS OR INVESTMENT HOUSES THAT ISN'T GOING DOWN THE CRAPPER TO DO THIS JOB RATHER THAN GETTING SOME GUY THAT HAS SLITHERED INTO A CUSHY GOVERNMENT JOB FROM ONE OF THE FAILED COMPANY'S BEGGING FOR TAXPAYER HANDOUTS?

Well...I'm waiting for my answer...

Yeah...I thought so...no wonder Republicans are going to hand this election on a brass platter to Obamarama and his fellow socialists next month