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The Bailout Plan and Contract Attorney Work … An Update

October 7, 2008
/ Jobs Related The financial crisis: background, TARP jobs

The bailout plan and contract attorney work … an update to our September 25th posting:

Yesterday the administration announced that a former Goldman Sachs executive will be the interim head of its $700 billion rescue effort for financial institutions. Neel Kashkari, the Treasury’s assistant secretary for international affairs, was selected Monday to be the interim head of Treasury’s new Office of Financial Stability.

The 35-year-old Kashkari is a former Goldman Sachs Inc. banker, once headed by Treasury Secretary Paulson.

Approximately 2 dozen attorneys, accountants, financial analysts and administrative staff will be hired by the Treasury for the first push. Treasury also intends to outsource a large amount of the work to financial advisory firms.Our friends at Treasury are keeping us informed on staffing developments. We’ll keep you informed best we can via the Master Posse List to which you can subscribe here:

http://theposselist.com/mailman/listinfo/distribution_theposselist.com and we will also keep you up-to-date via this blog.

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