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Another Former Goldmanite Becomes Fed President: Neel "Chump" Kashkari Replaces Uber-Dove Kocherlakota
Having recently failed in his bid to be democratically-elected to California's governorship, it appears former Treasury Bailout chief and PIMCO 'equity' portoflio manager, Neel Kashkari has been selected (not elected) as Minneapolis Fed's next president, replacing the uber-dovish Kocherlakota starting January 1st.
As The Wall Street Journal reports,
The Federal Reserve Bank of Minneapolis has named former banker, government official and unsuccessful California gubernatorial candidate Neel Kashkari to become its new president and chief executive officer.
He’ll succeed Narayana Kocherlakota, who leaves office at the end of the year. Mr. Kashkari, 42, is slated to take office on Jan. 1, 2016, the bank plans to announce Tuesday.
Mr. Kashkari’s views on central bank interest-rate policy are not publicly known. He’s not an economist, beginning his career as an aerospace engineer working on space missions before earning an M.B.A. at the University of Pennsylvania’s Wharton School. He’s an alumni of investment bank Goldman Sachs and investment fund Pacific Investment Management Co., or Pimco.
Mr. Kashkari rose to public prominence as a member of President George W. Bush’s administration by running the government’s $700 billion Troubled Asset Relief Program—a controversial effort aimed at stabilizing the financial system by pumping capital into banks during the 2008 financial crisis. Critics called the program an improper intrusion by the government into private enterprise and an unfair bailout of big banks.
...
Mr. Kashkari—taking a job that paid $339,000 a year, according to the Fed’s most recent annual report—said in an interview with the Wall Street Journal that his diverse resume provides a critical foundation for his new role. He also offered broad praise for how the Fed has conducted policy, even as he declined to offer his views about the monetary policy outlook.
The Fed’s regional banks “can be and should be some of the most important economic policy thought leaders in the country,” Mr. Kashkari said in the interview. He sees his new job as “a continuation of a lot of the policy work I’ve already done” in government and the private sector. He said he also sees the regional Fed banks as an antidote to the “group-think” that can take hold of Washington-based policy makers.
Now we are sure The Fed will not be politicized.
A Republican, Kashkari ran for Governor of California in the 2014 election, but failed to unseat incumbent Jerry Brown.
After the campaign, Kashkari published "Lessons from the Trail," a firsthand account of what he learned from his gubernatorial campaign to be helpful to future candidates.
But who will forget his appearance at Congress...
"I'm just wondering how you feel about an AIG giving $503 million worth of bonuses on the one hand, and accepting $154 billion from hard-working taxpayers,'' Cummings asked Kashkari.
"What really bothers me is all these other people who are lining up. They say, well, is Kashkari a chump?''
Some background reading on Mr. Kashkari...
Summing it all up...
Goldman Sachs -> Treasury -> PIMCO -> The Fed
And, in case you were wondering, with former Goldman employees in charge of the NY, Dallas and Philly Feds as follows Dudley, Rob Kaplan, Patrick Harker, now we can add former Goldmanite Neel Kashkari in charge of the Minneapolis Fed.
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Once at Goldman always at Goldman
Awww… Another selfless public servant ;-)
Looney
I assume the starting pay is minimum wage.........for bankers.
Those of us who were on ZH during the meltdown, can never forget the creation of the moniker "Kash n Kari". Welcome back old chap.......
There's a reason he looks like the bad guy in Indiana Jones and the Temple of Doom.
(hint: Goldman alum. They all know how to rip the still-beating heart out of somebody's chest and show it around to their friends)
"administration by running the government’s $700 billion Troubled Asset Relief Program"
Is this a sign? Maybe they need someone with this experience?
You
Have
Got
To
Be
Kidding
Me
Cash'n'carry-on is not in any way particularly qualified for the position.
Jesus H Christ on a Pogo Stick on the Crazy Train.
There's something very very fucking wrong here
Fuck Goldman Sachs
These people don't just want all the money, they want our very souls
Reptilian Agenda Incarnate
Look they got the guy with shaved waxed head, make no mistake he is getting ready to stick it up your ass hole. Enjoy.
Fed is collecting the rejects!
Exactly, FFS, the guy was a VP at Goldman. The title VP at places like Goldman is given out like water to dingle-berrys and retards. A big title there is part of the Sound and Lights Punch and Judy show.
The guy was a fucking gofer.
Aaaaaraararararaggggghhhh!
Our question, mr. Kashkari, is who you're working for:
https://www.youtube.com/watch?v=BGdS63iSN1c
Isn't this the guy who ripped a dude's heart out in Temple of Doom?
http://cdn.evbuc.com/eventlogos/2371401/heart.jpg
A Chump replaces an Uber-Dove Chump.
What can it mean? Nothing. The Fed Lie has run it's course.
Lord help us. No, seriously, Dear God, Lord of the universe, please help us!!!!
Is it too early to assign a lamppost to this guy? Can we pre-order the rope?
He's a tribe member? Interesting.
Funny how he's not an economist and they pushed him into that position. The guy's degree is in mechanical engineering.
What a coincidence!?!? The Fed's failed policies are mechanical in nature.
So does this mean that that nice Mr. Kocherlakota is going to return to the land of his birth?
No, it means his ass will be out there twice as frequently jawboning.
If you liked Geithner and/or Paulson, you are going to love Mr. Kashkari...
Neel Kashkari, a Hindu Goldmanite is just doing Shiva's work.
(Shiva is the quintessential destroyer. His duty is to destroy all the worlds at the end of creation and dissolve them into nothingness.)
Kashkari has converted to Hinjewism, through penile injections through his mouth from tribal central moneychangers.
I'm upvoting you for Hinjewism.
We're gonna need moar rope.
After the cornholing though right?
Honestly, where do they come up with these names?
I remember back in the 08 crisis seeing these people being paraded out over and over wondering if the names weren't just made up. Like there is some sort of secret society training people to destroy our economy and giving them Cobra-esque nicknames.
Bad guy from The Mummy - Imhotep
https://www.bing.com/search?q=arnold+vosloo&filters=ufn%3a%22arnold+vosloo%22+sid%3a%22a7f9ee82-856b-e33f-3c17-2623d04b0c44%22+catguid%3a%22a8faa468-9e5e-38b0-cf8a-b4ab995aeb98_8ad9c011%22+segment%3a%22generic.carousel%22&FORM=SNAPST
And...He also played "The Mummy!"
OMG that bucket-o-shit? You have to be kidding me.
I thought he was President for life of the real Free Shit Army?
He has that kinda evil Bofeld/Spectre look about him. Fits the bill.
Wasn't he the Auto-czar?
Be honest: Wouldn't you?
Self-interest trumps all in modern life, it seems.
Virtue seems a desirable trait for the working poor and the middle class, as has always been the case. How else would Rulers remain comfortable and secure, if their minions aren't virtuous?
"Once at Goldman always at Goldman"
"Once in Spectre, always in Spectre*". FIFY.
* SPECTRE: Special Executive for Counter-intelligence, Terrorism, Revenge and Extortion
He looks like that really bad guy from Tomb Raiders, or Indiana Jones, or, or,or..
And how about that last name and waxed bald head, it just says I'm going to kill your bank account and net worth...
Neel Cash and carry
Doing Satan's, errrrr I mean God's work.
You've got to be fucking kidding me.
Kash-n-Karry, in a Kkkardashian world.
"Kash-n-Karry"
That's the way I always say his name.
Too many of these F'in parasites around.
Kocherlakota, a jewish indian?
Comanche Indian
('Fletch' reference)
Early adapter of Negitive rates.
Kocherlakotahttp://www.zerohedge.com/news/2015-10-08/its-time-negative-rates-feds-ko...
Prolly leaving for some chancellor job in Missouri.
What part of "Not every Globalist/Zionist is Jewish" do you not get?
As an Operational tactic, you need a certain number of Goyim, to broaden its influence and power. This is pure real-life pragmatism, meshed in with fantasy-life ideology. Got it?
Best pancake syrup ever.
lol...grade b pure maple is all my aunt j will use, she sells the cheap shit to ihop
why can't these scum ever die?
We have Fisher as vice chair and CASHkari who worked under Paulson at the Treasury. The US is so fucked!!!!!!
lol, you can't make this stuff up
The tribe has perfeced it's game for millennia.....
We are so fukked... this guy was handpicked by Paulson and headed TARP. And besides is a complete dripping douchebag.
+1. Completely incompetent for the role, which tells me the role or job isn't a real job but a process by the banksters to fill seats in made up institutions like "fed banks".
ALL of the fed regional banks need to be burned to the ground. Kash is wholly incompetent to run anything business related, which is why he's pursuing this jerb.
I believe testifying before Congress is a resume enhancer.
Just what we need, another tentacle of the squid in a policy making position. This madness seems like it will never end.
Seems?
Well, some day I will be dead and it will have ended for me.
That's the spirit!
It's time to make soap.
Or just drink. That is what alcohol is for - there is relief in numbness when you can see things too clearly. :)
Kash-n-Karry is just another financial parasite.
I have to admit it, seriously. Brilliant fucking scam the Banksterz have going...wrestle the ability for a country to coin it's own money away.... and then in it's place have pure 100% fiat backed by absolutely nothing but military firepower.
Fucking brilliant.
Kudos...
All we really need to know about the frb is:
1913 frb balance sheet =zero
2015 frbny balance sheet =$4.41 trillion
http://www.federalreserve.gov/releases/h41/current/h41.htm
FRB, all regions 2 0 1 4 : http://www.federalreserve.gov/releases/h41/current/h41.htm
Total domestic SOMA portfolio securities holdings
A m o r t i z e d c o s t F a i r v a l u e
$4,425,314,000,000 $4,599,336,000,000
Now for just the FRBNY
$2,748,579,000,000
http://www.federalreserve.gov/monetarypolicy/files/BSTNewYorkfinstmt2014...
FRBNY has 60% of the wealth/debt of the nation. I think we should put it to them.
He's just doing God's work but unfortunately in his world god is really Satan.
Nothing creepy about this guy!!!!!! Geithner's boy wonder.
Geithner: "Hey Neel.....here is the 1/2 page TARP legislation. Go shave your head and appear before Congress for me.....and toss my salad."
Anyone read this???:
Hey any body read this story?
http://www.bloomberg.com/news/articles/2015-11-09/u-s-probes-treasuries-...
They have been sitting on the story since June??
The Primary Dealers get scalp and defrauded pensioners?????????????? They get a little piece of how many quadrillions in notional value of Treasury instruments???????? Shouldn't pensioners be made whole by these criminal Primary Dealers?????
Janet Felon is on a crime spree!!!!!!
"Janet Felon"
LOL, a great name for her.
Dance, slave, dance!
The Fed has truly jumped the shark this time. I can't even believe this.
Their names are always so weird.
Jamie Dimon, Kashkari, Kosherlakota..
This is how you detect the quislings.
I'ma change my name to Hugh Latefee and get me a jerb!
conax might want to add: blythe masters in case you know you want that sex change thing..
Even weirder are the names of their puppets in the US administration; Josh Earnest? And his predecessors "Carney"(?!) and "Snow"(?!).
General Breedlove????
I almost can't take it anymore.
This is a joke, right?
The Blofeld look-alike scumbag that was paid millions to hand out the TARP loot like candy at Halloween to the banrupt degenerates and then ensconced in the Pimco Bond skimming complex?
Looks like another queer jew alien.
Why do you have to bring "gay" into this?
I was gonna say alien.
Why do you have to bring "alien" into this?
Hank Paulson approves this message.
Change is here Bitchez!
Mother fuckers need to start dying ...they like fucking cock roaches
Mother fuckers need to start dying ...they like fucking cock roaches
Goldman, the public tip of the iceberg, of the shadow govt.
There is so much to hate here -- where to begin?
Maybe with all the reasons why people have reason to hate.
Wasn't this clown one of Hank Paulson's sidekicks?
I remember his face on CNBC during the TARP.
Is this a signal for TARP #2?
Demon spawn ... and most likely proud of it, unfortunately.
Will a WASP ever get a job there again?
Wait, hold on... didn't this guy "go galt" and retreat to his prepper compound a few years back? And now he's a Fed pres.?
Something smells very fishy here...
Well, he's got the look.
The raping will continue.
Cash'nCarry cloned from Nosferatu?
You be the judge: http://www.3demonic.com/images/MG_Nosferatu06.jpg
Jeezus bald headed keeryste. Did I say baldheaded?
RFLMAO Fed President Neel Kashkari: “the Fed had hasn’t caused inflation, hasn’t devalued the dollar
Time to go short circuit my neocortex with a bottle of single malt.
This guy's skunked on the same goofballs that Paulson takes.
Shave-head freak must have blowed his way into position.
Kashncarry...
This guy LOOKS like a psychopath. He looks like the bad guy. Just hang him now. Why wait?
Kash 'N Carry isn't very imaginative. Cash 'n Curry sounds better.
and he's about as Republican as Moonbeam Brown...
which is why i didn't bother to vote for him last year.
(actually, i voted for him AND Moonbeam, rather than leave it blank)
All he needs is a box cutter in his hand for the scariest costume ever.... Which is nice.