Neel Kashkari

Paulson censors compensation numbers on Bank of New York bailout contract, despite promises of "Transparency"

kashkariRemember Neel Kashkari*, the Goldman Sachs "creative class" gofer who's running the trillion dollar bailout for Goldman Sachs CEO Hank Paulson's golfing buddies at the big banks?

Here's what Neel Cash-and-Carry had to say about process at his bailout press conference just over a week ago:

Consistent with Congress' intent, we are committed to transparency and oversight in all aspects of the program ...

That was then. This is now. So how's that "transparency" thing working out?

Via the excellent Bailout Sleuth:contract1

Outsourcing the bailout to contractors is really a beautiful racket, isn't it?

OH: Obama to belatedly unveil "middle class rescue" plan

A week after McCain asked for my vote*, Obama plans to do the same. Perhaps with tea that's less weak?

Bloomberg:

Oct. 13 (Bloomberg) -- Democratic presidential candidate Barack Obama plans to give a speech on the financial crisis and issue a ``rescue plan'' for the middle class, his campaign said.

``Our economy is facing its greatest uncertainty in over 70 years,'' the Illinois senator's campaign said in an e-mail to reporters this morning. ``Families who saw their incomes decline by $2,000 in the economic `expansion' from 2000 to 2007 now risk seeing deeper income losses.''

Declining incomes from 2007 to 2000 -- now, who was President up 'til 2000; let me see... -- isn't "uncertainy" at all; it's certainty.

So, think the speech will include HOLC, as so many recommend?