{"id":194111,"date":"2008-10-23T23:29:00","date_gmt":"2008-10-24T04:29:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/10\/23\/another-bald-guy-gets-top-bailout-bailiwick\/"},"modified":"2008-10-23T23:29:00","modified_gmt":"2008-10-24T04:29:00","slug":"another-bald-guy-gets-top-bailout-bailiwick","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/10\/23\/another-bald-guy-gets-top-bailout-bailiwick\/","title":{"rendered":"Another Bald Guy Gets Top Bailout Bailiwick"},"content":{"rendered":"<p><img decoding=\"async\" style=\"FLOAT: left; MARGIN: 0px 10px 10px 0px; CURSOR: pointer\" src=\"http:\/\/img222.imageshack.us\/img222\/6404\/fid48ff8ee4796c7a36006fai6.jpg\" \/>I did not come up with bon mot, rather it was <a href=\"http:\/\/www.clusterstock.com\/2008\/10\/another-bald-guy-gets-top-bailout-bailiwick\">John Carney at Clusterstock<\/a> did. He was talking about James H. Lambright, former head of the Export-Import Bank, who has been tapped to serve as interim Chief Investment Officer for the Troubled Asset Relief Program (TARP).<\/p>\n<p>Mr. Carney notes that we should be concerned, and not just because we have, &#8220;Bald midwestern ex-Wall Streeter running our banking system.&#8221;<\/p>\n<p>In his time at the Ex-Im Bank, it appears that his main accomplishment was to <strong>remove it from congressional scrutiny by making it self financing<\/strong>.<\/p>\n<p>In English this means that Congress has no control, but is still <strong>liable for the bill<\/strong> if the Ex-Im bank sees losses.<\/p>\n<p>And now they want him to be in charge of investments at TARP&#8230;.Lovely.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I did not come up with bon mot, rather it was John Carney at Clusterstock did. He was talking about James H. Lambright, former head of the Export-Import Bank, who has been tapped to serve as interim Chief Investment Officer for the Troubled Asset Relief Program (TARP). Mr. Carney notes that we should be concerned, &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[970,1004,1002,985],"tags":[],"class_list":["post-194111","post","type-post","status-publish","format-standard","hentry","category-corruption","category-finance","category-good-writing","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/194111"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=194111"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/194111\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=194111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=194111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=194111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}