Comments on: Jim Kim! http://blogs.reuters.com/felix-salmon/2012/03/23/jim-kim/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: dWj http://blogs.reuters.com/felix-salmon/2012/03/23/jim-kim/comment-page-1/#comment-37320 Mon, 26 Mar 2012 03:34:26 +0000 http://blogs.reuters.com/felix-salmon/?p=12605#comment-37320 He graduated from Muscatine High School a couple years before I attended kindergarten in Muscatine.

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By: MrRFox http://blogs.reuters.com/felix-salmon/2012/03/23/jim-kim/comment-page-1/#comment-37276 Sat, 24 Mar 2012 08:28:46 +0000 http://blogs.reuters.com/felix-salmon/?p=12605#comment-37276 Give credit where it is due – Obama threaded the needle on all fronts when he tapped Kim for WB boss.

He gets a genuine third-world (non-White) guy to negate the heat from passing-up the ultra-qualified Nigerian lady, a US citizen to preserve the tradition, and a guy who’s low-profile enough that we can all now safely banish the WB from the front page of the financial section of the paper (and from the list of preferred hand-out recipients constantly badgering Congress for “more, please”).

Score is a “triple-play”. (Things like this are damn near the only things the Obama boys are good at.)

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By: CDN_Rebel http://blogs.reuters.com/felix-salmon/2012/03/23/jim-kim/comment-page-1/#comment-37260 Fri, 23 Mar 2012 19:20:13 +0000 http://blogs.reuters.com/felix-salmon/?p=12605#comment-37260 My personal feeling is that since he’s not mainstream then he’s not political, ie he’s not blowing someone or some group to get ahead. Instead he may have a real agenda and plan to do something useful at WorldBank rather than bankrupt its debtors. Let’s hope that Obama used some of that cold Vulcan logic in this appointment.

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By: BarunBarun http://blogs.reuters.com/felix-salmon/2012/03/23/jim-kim/comment-page-1/#comment-37259 Fri, 23 Mar 2012 19:04:44 +0000 http://blogs.reuters.com/felix-salmon/?p=12605#comment-37259 Says the guy who “argued that margin calls are not dangerous for CDO market and gave example of Bear Stearns High-Grade Structured Credit Enhanced Leverage Fund where “leverage got brought down pretty painlessly to $1.2 billion in leverage without any fire sales and without any bailout from Bear itself”[5] — half year after that Bear Stearns went bankrupt[6] and Late-2000s financial crisis has started” (search Felix Salmon)

What are Felix Salmon’s qualifications again, other than working for Roubini somehow? A complete non-sense of an article that says to ‘succeed’ at World Bank, you need one of the same crop of Washington insiders who like hobnobbing with Congressmen and Senators and not actually deliver what World Bank can and should.

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By: NotoriousBOB http://blogs.reuters.com/felix-salmon/2012/03/23/jim-kim/comment-page-1/#comment-37254 Fri, 23 Mar 2012 16:16:09 +0000 http://blogs.reuters.com/felix-salmon/?p=12605#comment-37254 Chris08 is correct. Dartmouth “University” is actually kind of a slur, based on the seminal U.S. constitutional law case of 1819 regarding Dartmouth’s royal charter.

As an alumnus it’s like fingernails grating on a chalkboard to see or hear Dartmouth “University”….

Felix….please correct!

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By: Abulili http://blogs.reuters.com/felix-salmon/2012/03/23/jim-kim/comment-page-1/#comment-37253 Fri, 23 Mar 2012 15:48:07 +0000 http://blogs.reuters.com/felix-salmon/?p=12605#comment-37253 @ BrPH: Fat chance

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By: BrPH http://blogs.reuters.com/felix-salmon/2012/03/23/jim-kim/comment-page-1/#comment-37252 Fri, 23 Mar 2012 15:11:54 +0000 http://blogs.reuters.com/felix-salmon/?p=12605#comment-37252 Speaking from field experience, the World Bank funds an awful lot of corruption. Here is the breakdown I got on a $25 million loan.

– The local man who acquired the loan took $5 million off the top as his commission.
– That same gentleman then awarded construction contracts to his buddies, collecting 25%-30% kickbacks.
– They awarded construction contracts to their buddies in the same arrangement.
– Best estimate of how much money went to actual materials and work? About 15%-20%.

In another incident, an Italian gentleman came to town in a small nation with the mission to drop almost $1 billion in 6 months some years after a civil war. The wife of a soccer star seduced him and made herself a heroine by steering him to dump his money on those she approved of. Net result? A whole lot of money ended up in Swiss Banks – which was quite popular with the Swiss. They are, after all, the most likely jurisdiction for dictators and development bandits to go to first.

Not that Peter Shaw, the criminal banker who started Agro Bank of Georgia, and staged his own kidnapping, put his money in Switzerland. I heard he put his money in Chinese banks. But what is a measly $20 million worth of graft in that system?

Have you read “Collision and Collusion” by Prof. Janine R. Wedel? That shows an inverse relation between the amount of Western Aid a nation got and the health of the nation 10 years later.

I hope this guy can do something about that.

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By: Chris08 http://blogs.reuters.com/felix-salmon/2012/03/23/jim-kim/comment-page-1/#comment-37250 Fri, 23 Mar 2012 15:03:24 +0000 http://blogs.reuters.com/felix-salmon/?p=12605#comment-37250 Felix ought to know better than to call it Dartmouth University. It may be equivalent to a university, but it calls itself Dartmouth College.

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