Whatever happened to Neel Kashkari?
You remember; he was the Goldman Sachs guy that Henry Paulson [also Goldman Sachs] brought on to craft that $700 Billion TARP bill.
Only a day after the Washington Post's Laura Blumenfeld gushed over him in her article (6DEC09] about his escape from DC and Congress to his mountain retreat [was it named "Eagle's Nest"?], he was hired by Pacific Investment Management Company [PIMCO] to manage "new investment initiatives".
Only a day after the Washington Post's Laura Blumenfeld gushed over him in her article (6DEC09] about his escape from DC and Congress to his mountain retreat [was it named "Eagle's Nest"?], he was hired by Pacific Investment Management Company [PIMCO] to manage "new investment initiatives".
Its CEO is Mohamed A. El-Erian.
PIMCO (with assets of $1 Trillion+) immediately announced it would now "... branch into actively managed stock funds." PIMCO then moved into the global equities market as a "the world's largest mutual fund" (valued at $200 Billion).
PIMCO (with assets of $1 Trillion+) immediately announced it would now "... branch into actively managed stock funds." PIMCO then moved into the global equities market as a "the world's largest mutual fund" (valued at $200 Billion).
PIMCO also employs Alan Greenspan as a special consultant.
We're sure Neel wouldn't use his insider's knowledge of Treasury, the IMF and the World Bank, and the global financial system to manipulate global Markets -- would he? After all, he's from Goldman-Sachs, and they're above reproach -- aren't they?
Don't Worry; Be Happy.
Your government will protect your 401K.
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