Now For the Criminal Investigation

Neel "Cash and Carry" Kashkari is finally leaving as head of the TARP.

I have no knowledge of whether or not he actually broke any laws, though describing the management of the program as "criminal," is certainly appropriate, but I do think that the DoJ and SEC should investigate because it smells bad.

I do not think that it is at the level of a grand jury investigation....Yet....But you won't know what's under the rocks until you turn them over.

Certainly, the program was an example of corruption and regulatory capture though.