Tuesday, March 24, 2009


There's a lot of chatter about the peculiarly slow pace of staffing senior positions at Treasury. I asked a good source on Washington and economic policy about this, and how much of it is due to personal divestiture requirements or lobbying-related restrictions. His paraphrased reply was that with all the extraordinary measures being taken, there are present and maybe future advantages in having as few people as possible right now at the highest levels. He also said it creates a bit of extra sympathy and leeway for Geithner, which was important with the issue of AIG bonuses: i.e., "he's there all alone and is swamped just trying to hold things together." For what it's worth...


Blogger lahru said...

Remind me again why I'm buying store brand instead of name brand?

3/24/2009 7:00 PM  
Anonymous Anonymous said...

"Future advantages" the key.

3/25/2009 6:16 PM  
Anonymous Anonymous said...

Tim doesn't need any help. The GS boys are running things just fine.

Don't bother looking at the stock indexes anymore. There is only one stock now. GS. GS is the market. GS will decide who lives and who dies. I think by the way C goes down when all the ducks are in a row.

I don't really think they will win but if they do then GS is the stock of the century at 100. You cannot afford not to have GS as a core asset. The only risk to them is political and to say they have that covered now is a massive understatement. For all practical purposes GS is the Treasury.

3/25/2009 7:27 PM  
Anonymous Anonymous said...

Good read about the AIG fiasco & CDOs from Rolling Stone. Wow just wow.


3/26/2009 12:41 AM  

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