Skip to content
Bailoutsleuth

Bailoutsleuth

Get detailed information on technology and finance topics

  • Home
  • Technology
  • News
  • Blog
  • Disclaimer
  • Contact Us
  • About Us
  • Privacy Policy
  • Toggle search form
a-new-appointment

A new appointment

Posted on June 20, 2022 By Kelvin O'Connor No Comments on A new appointment

The Treasury Department has appointed James H. Lambright, head of the Export-Import Bank, as an interim chief investment officer for $700…

By user, in Transparency/Privacy, on 23 October 2008

The Treasury Department has appointed Export-Import Bank chief James H. Lambright as an interim chief investment officer for a $700 billion distressed asset relief program.

Under the rescue program authorized by Congress, the Treasury Department is pumping capital into banks through equity investments and buying distressed assets such as mortgage-backed securities. So that their balance sheet can be strengthened.

Lambright, 38, is a former investment banker at Credit Suisse Group, who has been with the Export-Import Bank since 2001. He will retain his position as the President and President of that institution.

The Export-Import Bank provides financial assistance to US businesses wishing to sell products overseas.

The bailout program is being directed by Neil Kashkari, who was a senior advisor to Treasury Secretary Henry M. Paulson Jr. Both men came to the government from New York investment bank Goldman Sachs & Company.

The Treasury Department previously announced that State Department official Reuben Jeffery would fill the position of chief investment officer. But Paulson and Secretary of State Condoleezza Rice decided that Jeffrey should stay in his current position to attend the upcoming global summit on financial markets, which will include the leaders of the world’s 20 largest economies.

BailoutSleuth is looking into Lambright’s history, achievements, and connections, and will report on what we find.

Read Also:- 

The End of Bailout Transparency Already?

News Tags:a-new-appointment, james-h.lambright, treasury-department

Post navigation

Previous Post: The End of Bailout Transparency Already?

Related Posts

more-bailout-contracts-contain-blacked-out-portions More bailout contracts contain blacked out portions News
treasury-department-gets-more-transparent Treasury Department Gets More Transparent  News
treasury-completes-1.5-billion-in-bank-investments Treasury completes $1.5 billion in bank investments News
general-motors-announced-today-that-it-has-increased-the-price-of-shares. GM increases price of IPO shares by 18 percent; proceeds could top $18 billion News
three-small-banks-go-under Three small banks go under; toll for 2011 rises to 14 News
the-end-of-bailout-transparency-already The End of Bailout Transparency Already? News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • A new appointment
  • The End of Bailout Transparency Already?
  • More bailout contracts contain blacked out portions
  • Regulators close three more banks; two go to TARP recipients
  • More banks accepted for TARP; more decline

Recent Comments

No comments to show.

Archives

  • June 2022
  • May 2022

Categories

  • News
  • Technology

Copyright © 2023 Bailoutsleuth.

Powered by PressBook Masonry Blogs