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spyguy

Neel Kashkari - One To Watch

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Was going to post on one another the other threads. I forgot.

Now another article has popped up.

On FT. Sorry! But google a bit

Basically, the guy who was dragged in from Goldman Sachs to clean the 2002-2007 mess up.

https://en.wikipedia.org/wiki/Neel_Kashkari

Had a run a Calif Gov.

Failed.

Appointed to Minn. Fed.

First article to catch my eye, from this week.

Break up the Banks.

http://www.ft.com/cms/s/0/9f13e542-d4cd-11e5-8887-98e7feb46f27.html#axzz40NezgiTY

Now another:

Fed must act on economic anger.

http://www.ft.com/cms/s/0/9a0d1408-d50c-11e5-8887-98e7feb46f27.html#axzz40ECsFn9r

Now, the more tinfoil hat wearers will be saying 'Ahh thats GS, trying to get on side with the pitch forks/Saunders'. And the anger from 2007 in the states is increasing rather than being forgotten.

FFS one of the front running contenders is a 'Democratic socialist'! In the US!!!!!
The equivalent i nthe UK would be the Pedophile Info Exchange party!

I don't the anger is going away.

It looks like the non-NY Feds have found their champion.

The Fed has regional chairmen.

The NY Fed, because of Wall St, has always pulled the rank.

After the 2007 upset, the non-NY Feds are a bit upset and want NY fed shutdown, or at least not captured by Wall St.

Plus points - he's not an economist. Which is good!

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If you read hank paulson's book (ex Head Goldmans/ ex Treasury secretary) He describes how he hired Neel after he left him a congratulatory message on his voicemail when he got the Treasury job. I really don't think he's that anti establishment, If anything a smaller Fed saying these things is just testing the water/public reaction to see where it is. Most people are non-thinking idiots, its only when those people throw their toys out of the pram that anyone has to do anything. You can't legislate against stupidity, and nor would politicians want to - its the stupid that allow the status quo.

Edited by katchytitle

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If you read hank paulson's book (ex Head Goldmans/ ex Treasury secretary) He describes how he hired Neel after he left him a congratulatory message on his voicemail when he got the Treasury job. I really don't think he's that anti establishment, If anything a smaller Fed saying these things is just testing the water/public reaction to see where it is. Most people are non-thinking idiots, its only when those people throw their toys out of the pram that anyone has to do anything. You can't legislate against stupidity, and nor would politicians want to - its the stupid that allow the status quo.

Anti-establishment is too broad. Most antis in the US live in huts in the Utah back woods.

I think he's significant because of who he is, where he his, where hes come from and where the US politically at the mo.

The Fed is much bigger org than the BoE.. In the US, finance and trade is a much smaller percetnage of the economy he the UK or other developer countries.

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That type say anything and have said anything and even unexpected stuff - safe in the knowledge that it'll never be implemented (not on his say so at any rate) but by it's ability to create a bit of a stir it gives them some limelight and the possibility of getting the next big job.

Politicians do it a lot to get their face in the media.

Don't get one's hope up. If/when he gets the job don't expect the banks to be broken up - the very thought of it :rolleyes:

Edited by billybong

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Again, the link between plebs, politicos, Fed and banks in the US is very different in the US.

Its dawning on the US politicos that it may be them or the big banks that get hung from a lamppost.

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