Neel Kashkari, ex-Treasury Secretary Henry Paulson‘s pick to oversee TARP, has joined the bond firm PIMCO, the trillion dollar bond manager based in southern California. The move comes just days after the Washington Post ran a lengthy profile of Kashkari and his life after Treasury. Felix Salmon notes that with the move, PIMCO has cemented …
Tag: PIMCO
New York Times is on Pimco’s speed dial
On Sunday, The New York Times ran “Bill Gross of Pimco is on Treasury’s Speed-Dial,” a lengthy article on the cozy relations between PIMCO executives Bill Gross and Mohamed El-Erian and the Treasury Department. The piece had the confessional tone that is commonplace these days on the Times business page. To seek absolution for rapaciously …