from Tales from the Trail:

Bold budget boosts bailout

February 27, 2009

USA-OBAMA/How do you buy $750 billion of toxic bank assets with only $250 billion of taxpayer money?

Got advice?

October 13, 2008

Treasury Secretary Henry Paulson (L) and Assistant Secretary for International Economics and Development Neel Kashkari are pictured in an undated handout photo.The U.S. Treasury Department expects to name asset managers for its $700 billion financial rescue plan within days and is working “around the clock” to thaw credit markets, the program’s new chief, Neel Kashkari , announced Monday.They’ve tapped investment consultants Ennis Knupp and lawyers Simpson Thatcher to help out. Reuben Jeffrey, a State Department official, is going to be interim chief investment officer while chief financial officer for the Office of the Comptroller of the Currency, Tom Bloom, will serve as the program’s CFO.The Treasury’s Troubled Asset Relief Program, known as TARP, also has provisions for limiting executive pay packages.Treasury Secretary Henry Paulson (L) and Neel KashkariWhat advice would you give to officials at the Treasury?If you want to read Kashkari’s speech in its entirety, click here