“Finally, we come to my number two man. His name? Number Two.”

From USA Today:

He’s now the $700 billion man.

On Tuesday Neel Kashkari, 35, an assistant secretary of the Treasury, was named interim head of the Office of Financial Stability by Treasury Secretary Henry Paulson. The office will run the $700 billion financial bailout program signed into law Friday.

The former Goldman Sachs vice president came to Washington in 2006 to be a senior adviser to Paulson, the Goldman CEO who had been named Treasury secretary.

For some reason, kids, the appointment of Neel Kashkari makes me very uneasy. I can’t put my finger on quite why. Is it that his name looks like Cash & Carry? No, that’s not it. OMG!! I remember now!! It’s that company picture that they took together before Paulson left to be Treasury Secretary!!

Original image

WASHINGTON (MarketWatch) — The Bush Administration and the Federal Reserve said Monday they are moving “with substantial force on a number of fronts” to shore up confidence in, and protect, the financial system.

Announcements and statements from regulators came early and often throughout the day.
Most recently, Treasury Secretary Henry Paulson announced Neel Kashkari, a close advisor, has been tapped to lead the $700 billion mortgage rescue effort.
A former banker at Goldman Sachs Group Inc., Kashkari has been assistant secretary for international economics. He came to Treasury along with Paulson in July 2006.
Kashkari’s new title is interim assistant secretary for financial stability.

…snip…

The frenzy of activity comes as global stock markets suffered fresh losses amid fear that the turmoil in financial markets and the squeeze on credit will spread to the broader economy.
President Bush joined the effort, saying that it would take time for the Paulson plan to buy toxic assets from banks and help recapitalize the industry.
Bush spoke after the President’s Working Group on Financial Markets, which includes the top officials of all regulatory agencies and the Fed, put out a statement saying that it was working with the industry and regulators around the world to address the current challenges.

…snip…

In an early morning statement, the Fed said it would double the size of its emergency loan program to banks to a potential $900 billion by the end of the year.

…snip…

Anthony Ryan, the acting under secretary for domestic finance, went on television to stress that top-level officials are working rapidly to implement the mortgage rescue plan hatched by Treasury Secretary Henry Paulson.
“We’re moving as quickly as we can,” Ryan said in an interview on CNBC.
But Marc Chandler, currency analyst with Brown Brothers Harriman, said he was worried that the markets were moving much more rapidly than regulators and that Washington’s efforts ultimately may be too small to stem the crisis.
Racing to get its plan in place, Treasury put out guidelines to hire the asset managers it will need to purchase and hold mortgages and mortgaged-backed securities.

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23 Comments

Filed under 2008 election, Chimpy, George W. Bush, humor, movies, parody, politics, Republicans, snark, Wordpress Political Blogs

23 responses to ““Finally, we come to my number two man. His name? Number Two.”

  1. Hahahahahahaaaa! Mini-me for Paulson? Oh I should NOT be laughing, I should be screaming my head off.

    It’s like watching a bank robbery in progress while the cops assist thieves, isn’t it?

    Americans’ indignant rage will be justified. I sure hope it shows up soon.

  2. helen,
    as soon as i saw cash & carry, the first thing i thought was that he looked like a young clone of paulson. tell you a secret–i only saw the first austin powers movie, but mini me immediately came to mind.

  3. thanks, dcAp, but i didn’t make this poster. mini-nonnie did. :wink:

  4. Kashkari=looks scary!

    Seriously, those piercing black eyes are absolutely unnerving. His nose is also crooked, as if it had been broken in a fight.

    However, I think turning Paulson and Kashkari into Dr. Evil and Mini-Me is brilliant! Of course, Bernanke is Number Two, but who would you have playing the rest of the cast?

  5. neon vincent,
    the title is just a line from the movie that i found when i googled (i didn’t see the film). i thought it fit the theme, so i went with it. i’m like princess sarah and capt underpants–i go with the sound byte, even if it doesn’t hold up to scrutiny. :wink:

  6. Oh, the sound byte stands up to scrutiny just fine.

    BTW, if things go really bad economically, I have a movie suggestion for you–Fight Club.

  7. fight club, starring john mccain and barack obama with one hand tied behind his back to make it more even.

  8. Got a Grip

    Well if you’re gonna tie one hand behind his back, you might as well tie both hands and put a blindfold on him. I still think he’d take CU down handily. Despite all that noun-verb-POW stuff and the bluff, bluster and smears that CU and his little pitbull are engaging in, I think John McCain is a huge coward. That’s right, I said it. COWARD. My friends.

  9. Got a Grip

    Paulson just needs a monocle and he’d be Colonel Clink. Cash and Carry is just creepy. I don’t know whether to laugh or go hide under the bed with what little money I have.

  10. what distributorcap said

    wow

  11. gotta,
    capt underpants would swing and swing, never connecting and spinning himself around so that he would have to lie down to recover. obama didn’t have to say a word. capt u defeats himself. he’s like a cartoon. an evil little cartoon.
    you’re right! paulson could pass for colonel clink! does that make bernanke sergeant schultz?

  12. cz!!!
    what a nice surprise! i was just over at your place earlier this evening. :)

  13. jlms qkw - jenn

    brilliant, nonnie! just perfect!

    couldn’t you put jeffrey sachs in the corner somewhere? i think the man may have reformed, but earlier in his career he was a gungho shock doctrine enforcer.

  14. Got a Grip

    Yes, Bernanke as Sergeant Schultz. Ding! Ding! Ding! I think we have a winner!

    Or as Sergeant Schultz would say, ” I know nothing. NOTHING!” :)

  15. geez53

    Neon V,
    I’m there, cleaning out the garage for the bunk beds and took all chairs from the front porch.
    You know the entrance requirements.

    Now if could just remember where that lypo-suction clinic is………. ;}

    Good job mini nonnie.

  16. jenn,
    i have no clue as to who jeffrey sachs is. sorry. when i googled, i found the guy i think you are referring to, but i don’t know what he has to do with paulson other than disagreeing with him on the bailout.

  17. gotta,
    hogan had heroes, but there are no heroes in the capt underpants campaign. :(

  18. geez,
    when you locate that lipo clinic, can you get me in there… with a discount? i want to be more mini.

  19. jlms qkw - jenn

    jeffrey sachs is an economist and professor ?harvard. he pals around with bono now. when he was younger, he assisted in the economic reconstruction of poland, possibly south africa, and some countries in south america. this “shock doctrine” stuff involved the sale of public assets to private hands, a severe cut of public spending, tax cuts that only benefit the wealthy (sound familiar yet?). the naomi klein book ROCKS. oh yes, and the world bank and IMF got in on the scam. it was all started by milton friedman of the university of chicago school of economics.

  20. i read a little bit about him last night. i wish i had the patience to read naomi klein’s book, but i don’t. i used to read books like they were going out of style, but i don’t have the attention span for them anymore.

  21. jlms qkw - jenn

    there are some diaries at the gos, probably by meteor blades, about the book too. my dad doesn’t read books anymore either, magazines mostly.

  22. i’ve seen diaries about it and read snippets as well as hearing her on the radio discussing it.

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