Tuesday, October 14, 2008
Kashkari tells bankers they'll find a way around pay restrictions
7:35 PM EST Oct. 14. — Shocking news from the PBS Newshour about the bailout injection of 250 billion into banks. Guest panelist Dean Baker of the Center for Economic and Policy Research reported that Neel Kashkari, Treasury Secretary Henry Paulson's surprise choice to lead the nation's $700 billion rescue plan, (designated as the Interim Assistant Secretary of the Treasury for Financial Stability) held a meeting with banking officials saying not to worry, they’d find a way around restrictive pay packages! Hopefully the entire panel discussion will be available on the PBS site.
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