tag:blogger.com,1999:blog-5880610.post3520586685186400192..comments2024-01-13T18:57:18.243-05:00Comments on Information Processing: Vive les Grandes Ecoles (AIG-Goldman edition)Steve Hsuhttp://www.blogger.com/profile/02428333897272913660noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-5880610.post-63783664957436969322010-01-22T18:29:05.186-05:002010-01-22T18:29:05.186-05:00So, I have noticed that the President of the U.S. ...So, I have noticed that the President of the U.S. and his predecessor both attended Harvard. And I also gather that Harvard graduates (and Fellows) are doing much better than the median college grad. So, are connections to the White House allowing kids from this school to do much better than the rest? <br /><br />This is what I think when I see suggestions that Paulson was somehow helping out LondonYounghttps://www.blogger.com/profile/09677529514013996419noreply@blogger.comtag:blogger.com,1999:blog-5880610.post-25216242089014143092010-01-20T10:44:13.866-05:002010-01-20T10:44:13.866-05:00I was being conservative with the Geithner number,...I was being conservative with the Geithner number, but he's not in the same category as Rubin who was co-head of Goldman before leading Treasury. Geithner (like Emanuel) has little or no actual business experience. His main value is the ability to open doors and get meetings, along with having insight into what Fed and Treasury policies/reactions are likely to be.Steve Hsuhttps://www.blogger.com/profile/02428333897272913660noreply@blogger.comtag:blogger.com,1999:blog-5880610.post-44327481101224744272010-01-20T07:38:58.118-05:002010-01-20T07:38:58.118-05:00One would have imagined that the negotiators were...One would have imagined that the negotiators were very well versed with both contract law and legal precedents. The seem to have got the first part right, but messed up while looking at the second part. The incompetence here is breath-taking. Some meritocracy, huh? :)Anonymoushttps://www.blogger.com/profile/00449725326690005403noreply@blogger.comtag:blogger.com,1999:blog-5880610.post-29076735699067870552010-01-20T01:51:57.362-05:002010-01-20T01:51:57.362-05:00Why only $10M? Rubin collected something like $12...Why only $10M? <a href="http://en.wikipedia.org/wiki/Robert_Rubin" rel="nofollow">Rubin</a> collected something like $125M for his help in destroying Citigroup. Maybe you dropped a zero?Sethhttps://www.blogger.com/profile/16486234948199900568noreply@blogger.comtag:blogger.com,1999:blog-5880610.post-68993990409931491782010-01-20T00:46:06.059-05:002010-01-20T00:46:06.059-05:00In the end, Geithner comes out on top.
I predict...In the end, Geithner comes out on top. <br /><br />I predict his net worth will be easily north of $10M within 5 years of leaving office. Quid pro quo. (See: Bill Clinton, Rahm Emanuel, etc.)<br /><br />In a system like that, how could government *not* be captured by financial interests?Steve Hsuhttps://www.blogger.com/profile/02428333897272913660noreply@blogger.comtag:blogger.com,1999:blog-5880610.post-71678976052095535762010-01-20T00:36:36.213-05:002010-01-20T00:36:36.213-05:00"French banks aren't always the best nego..."French banks aren't always the best negotiators, Mr. Conac added, but this time "the French were very good."<br /><br />Has anyone, anyone, ever been on the other side of a negotiation with Geithner and not come out on top?Unknownhttps://www.blogger.com/profile/03828511278105683388noreply@blogger.com