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Why Hank Paulson Is Laughing: 4 Of 5 Regional Fed Voters In 2017 Will Be Ex-Goldman

Tyler Durden's picture




 

Spin revolving door, spin. 

At a certain level, the staffing of government agencies, regulators, and other public sector bodies with former Wall Streeters and various bulge bracket bigwigs has become so ubiquitous that it’s hardly even news. 

Still, it’s worth paying attention to the dynamic because losing track of who’s really running things is a bad idea if you want to understand why it always seems like regulatory outcomes are never commensurate with the crime and if you think monetary policy and all types of other high level decisions regarding the economy are conducted at the behest of those who are ultimately beholden to the bankers. 

Case in point: Less than two months ago, Harvard professor Robert S. Kaplan who until 2006 was vice chairman of none other than Goldman Sachs replaced Richard Fisher at the Dallas Fed and amusingly, Fisher went on to become an “advisor” for Barclays.

Well, with the appointment of Neel Kashkari to the Presidency of the Minneapolis branch of the Eccles cabal, we get just the latest example of what amounts to egregious regulatory capture. Here’s The New York Times attempting to be polite about it:

Mr. Kashkari is the third new president of a regional reserve bank named this year, and all three of the men previously worked at Goldman Sachs. The Philadelphia Fed in March appointed Patrick Harker, a former Goldman trustee, as its new president. The Dallas Fed in August selected Robert Kaplan, a former Goldman vice chairman.

Yes, "all three previously worked at Goldman Sachs."

As of course did the second most powerful central banker on the planet... and as did the Treasury Secretary that, with the help of Kashkari, engineered Wall Street's bailout in 2008... and as did well, everyone who's ever been a "somebody" in Europe: 

So just in case there were any questions as to who will be making the rate hike decisions (and there really weren't any questions, but this just drives home to the point), you now know. To wit:

As for the "huddled masses" that comprise the American Middle Class just remember, Kashkari's mentor "made it wider"...

 

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Tue, 11/10/2015 - 16:44 | 6774041 yogibear
yogibear's picture

You didn't elect that paid-for CONgressman or senator, Goldman did.

The Goldman ownership is so in everyone's face.

Tue, 11/10/2015 - 17:03 | 6774136 SILVERGEDDON
SILVERGEDDON's picture

Hank should be stripped of all his worldly possessions, and left naked in the middle of Death Valley on a hot summer day.

That's about what he and his cronies have done to the rest of us - only the faintest hopes of economic survival thanks to him and his buddies.

I would have them all shot, pissed on, rolled in flour and deep fried, but that is a waste of good lead, wheat, and cooking oil.

Tue, 11/10/2015 - 17:07 | 6774161 benb
benb's picture

He wrote himself a check for 200 mil of our money and Congress sat and sucked their thumbs.

Indict him. Try him. Convict him.

Then send him to Leavenworth for 25 years.

Tue, 11/10/2015 - 17:13 | 6774185 pitz
pitz's picture

Maybe re-open Alcatraz for this purpose? 

Tue, 11/10/2015 - 17:38 | 6774300 remain calm
remain calm's picture

The Fed is racist

Tue, 11/10/2015 - 17:40 | 6774314 NidStyles
NidStyles's picture

The Fed is Jewish. 

 

 

fixed. 

Tue, 11/10/2015 - 20:43 | 6775035 Crash Overide
Crash Overide's picture

I hope Hank wonders into my neighborhood looking for a can of beans after the collapse.

Tue, 11/10/2015 - 17:42 | 6774322 RaceToTheBottom
RaceToTheBottom's picture

Bought an Island.

Trying to donate it to some trust so it is never developed.

Just like Greenfuck, trying to rehabilitate his public name

Tue, 11/10/2015 - 20:05 | 6774859 venturen
venturen's picture

Tax dodge

Tue, 11/10/2015 - 16:44 | 6774042 tenpanhandle
tenpanhandle's picture

Please, someone put this guy out of our misery.

Tue, 11/10/2015 - 17:19 | 6774219 Carpenter1
Carpenter1's picture

The wicked rejoice today, while the saints are sorrowful. Soon that will reverse, and it will be permanent.

Tue, 11/10/2015 - 16:45 | 6774049 Bastiat
Bastiat's picture

"Regulatory?"  the Fed?  You're kidding right?

The Fed isn't the "regulator" of the banks; it is the instrument.

Tue, 11/10/2015 - 16:47 | 6774052 Francis Marx
Francis Marx's picture

God has some work for you Paulson... Take a walk to hell!!!

Tue, 11/10/2015 - 16:46 | 6774053 HoserF16
HoserF16's picture

HP should be "Fish Food" at the bottom of the Atlantic. FUCK HIM

Tue, 11/10/2015 - 16:47 | 6774058 TheObsoleteMan
TheObsoleteMan's picture

I claim first dibs on Hank when TSHTF. I WILL NOT BE DENIED. They have never seen a blood sacrifice until they see the one they are going to get.

Tue, 11/10/2015 - 18:02 | 6774392 Implied Violins
Implied Violins's picture

I would ask for his heart, but I'm not on a diet.

Tue, 11/10/2015 - 16:47 | 6774059 KashNCarry
KashNCarry's picture

The Zio's are well positioned...

Tue, 11/10/2015 - 16:49 | 6774074 Rainman
Rainman's picture

You think this is bad .... if the Squid can get Cruz elected, they'll have a First Lady Squid in the Big Bed at the White House.

These boyz are good in a sneaky sort of way.

Tue, 11/10/2015 - 16:56 | 6774108 Sturm und Drang
Sturm und Drang's picture

Roll out the guillotines,

we'll have basket of fun!

Roll out the trebuchet,

we'll launch heads as others run!

Tue, 11/10/2015 - 18:04 | 6774402 Implied Violins
Implied Violins's picture

You'll need to add some rocks to that,
as bankers lack brains, matter of fact.

Tue, 11/10/2015 - 17:02 | 6774132 Dr. Bonzo
Dr. Bonzo's picture

Thank god there's no conflict of interest.

Tue, 11/10/2015 - 17:02 | 6774133 Goldbugger
Goldbugger's picture

I still find it interesting that GS became a bank within 30 days, just enough time to get FED bailout funds and Hanky Panky Paulson got his stock options in GS. A bunch of criminal acitivity as i see it and no jail time.

Tue, 11/10/2015 - 17:19 | 6774218 cordial savage
cordial savage's picture

Why does Alex Trebek's picture say "Mario" underneath?

Tue, 11/10/2015 - 17:22 | 6774235 KashNCarry
KashNCarry's picture

The FED, Goldman will be in on this: $$$ 'U.S. Could Gain Trillions From Global Climate Change Action' http://policyintegrity.org/files/publications/ForeignActionDomesticWindf...

Tue, 11/10/2015 - 17:26 | 6774255 Sudden Debt
Sudden Debt's picture

The same guys who shorted their own clients before the 2008 crisis....

And now we expect ethics from those people...

These guys are trained sociopaths who won't mind destroying the lives of billions of people to add a billion on their personal accounts.

I don't blame them...

It's the politicians who allow them to be in those seats that should be hanged.

And only when they hang should those goldman slimes be brouht in front of a firing squad.

 

Tue, 11/10/2015 - 17:32 | 6774278 MASTER OF UNIVERSE
MASTER OF UNIVERSE's picture

Drunk on the souls of the poor, eh, Paulson, you junkie motherfucker.

Tue, 11/10/2015 - 17:50 | 6774353 Questan1913
Questan1913's picture

Look, the FED or the FEDERAL RESERVE SYSTEM is smply a false front for Goldman Sachs and to a lesser degree J.P. Morgan.  That was a fact in the 1920's and it is a fact today  All roads lead to Goldman Sachs; It is an evil, yes evil organisation responsible for the deaths of tens of millions  in Europe, the ME and Africa.  To the extent that there is a war being cooked up at the highest levels of the US government with Russia and China on the receiving end of it,  it is a Goldman sanctioned and Goldman (FED) funded project.  (you really don't think it's your tax dollars do you?)

ZH was on this (GS) in its first year and now we have them first with this story which is why I visit this site every single day.  This is the premeir site on the internet for nes of importance; no one else is eve close.

 

Tue, 11/10/2015 - 18:19 | 6774455 moonmac
moonmac's picture

At the height of the financial crisis Warren Buffett called Hank Paulson at 3AM waking him out of bed. Warren said, “Hank, this is Warren”, but Hank thought it was his mom’s gardener on the other end of the line whose name is also Warren. But he soon realized it was the world’s richest man begging for a bailout. Warren was suicidal and told Hank he had a gun to his head. Okay I made up the last part. (Maria B interview with Hank Paulson ca2009)

Tue, 11/10/2015 - 18:35 | 6774496 Baby Bladeface
Baby Bladeface's picture

Hank Paulson laughing because he got away with it and with everything.

Tue, 11/10/2015 - 18:51 | 6774552 tongue.stan
tongue.stan's picture

No such thing as ex-goldman.

Would be like saying ex-zionist, or ex-mafia, or ex-serial rapist.

ad nauseum

Tue, 11/10/2015 - 20:51 | 6775080 wisebastard
wisebastard's picture

these really are some sick fuckers............im supprised no one has shot them yet

Tue, 11/10/2015 - 21:40 | 6775308 kelley805
kelley805's picture

Make sure you check out the Hank Paulson Caption Contest!

 

http://michaelekelley.com/2015/11/10/hank-paulson-caption-contest/

 

What gap?

Do NOT follow this link or you will be banned from the site!