Paulson picks interim head for rescue effort

[First]

Originally posted by: extra

Originally posted by: JS80
hmmm who do i want running a complicated fund, goldman sachs genius or wise and beautiful woman pelosi bureaucrat?

Ahh, I love that you only give us two options!

How about a top notch financial wizard from a university somewhere with no possible personal relations or bias toward any of the involved companies.

So someone with zero real world experience? You can't hire an academic who has never actually worked in finance.

 

[JS80]

Originally posted by: extra

Originally posted by: JS80
hmmm who do i want running a complicated fund, goldman sachs genius or wise and beautiful woman pelosi bureaucrat?

Ahh, I love that you only give us two options!

How about a top notch financial wizard from a university somewhere with no possible personal relations or bias toward any of the involved companies.

So you'd rather hire an academic who has no experience in the real world, no financial models, maybe knows how to use excel, over a banker with the front office and back office support of a structured credit department of the most successful investment bank in the history of history?

 

[extra]

Obviously unrelated to the financial market, but when it came to many things, no one had more experience than Dick Cheney.... obviously since he was so experienced he has done a superb job as VP. =p Long, close involvement has both pluses and minuses. Anyway, I'm going to go take a nap!

 

[smack Down]

Originally posted by: JS80

Originally posted by: extra

Originally posted by: JS80
hmmm who do i want running a complicated fund, goldman sachs genius or wise and beautiful woman pelosi bureaucrat?

Ahh, I love that you only give us two options!

How about a top notch financial wizard from a university somewhere with no possible personal relations or bias toward any of the involved companies.

So you'd rather hire an academic who has no experience in the real world, no financial models, maybe knows how to use excel, over a banker with the front office and back office support of a structured credit department of the most successful investment bank in the history of history?

How about not rape the tax payers and just cancel this bailout bullshit in the first place.

 

[LegendKiller]

Originally posted by: smack Down

Originally posted by: JS80

Originally posted by: extra

Originally posted by: JS80
hmmm who do i want running a complicated fund, goldman sachs genius or wise and beautiful woman pelosi bureaucrat?

Ahh, I love that you only give us two options!

How about a top notch financial wizard from a university somewhere with no possible personal relations or bias toward any of the involved companies.

So you'd rather hire an academic who has no experience in the real world, no financial models, maybe knows how to use excel, over a banker with the front office and back office support of a structured credit department of the most successful investment bank in the history of history?

How about not rape the tax payers and just cancel this bailout bullshit in the first place.

Great idea. I'll race you to the soup lines.

 

[LegendKiller]

Originally posted by: extra
Obviously unrelated to the financial market, but when it came to many things, no one had more experience than Dick Cheney.... obviously since he was so experienced he has done a superb job as VP. =p Long, close involvement has both pluses and minuses. Anyway, I'm going to go take a nap!

Not even analogous.

Personally, I don't think the guy has enough experience. I think a better choice would have been to tap Gross, one of his guys, or somehow entice Buffet.

This shit is pretty complex. Being able to read through the docs, understand the structure, and make good decisions, isn't something you leave to an academic. They have failed in the past also, one only has to look as far as LTCM.

 

[chess9]

Originally posted by: halik

Originally posted by: GeezerMan
Link

Looks pretty bad to have a former Goldman Sachs banker head up the spending of the 700 billion bailout.

the guys bio
engineer with an mba... ill reserve my judgement

A meticulous guy who is a free market Republican, or obsessive compulsive meets maximum economic entropy?



-Robert

 

[halik]

Originally posted by: BoberFett

Originally posted by: JS80
hmmm who do i want running a complicated fund, goldman sachs genius or wise and beautiful woman pelosi bureaucrat?

I'm pretty sure Goldman employees have already proven they don't know how to handle money.

I'd sooner trust the coin flip.

Oh really?