Paulson to Hire Private Contractors to Handle Bailout Billions

By GottaLaff

Via CLG:

Paulson to Hire Private Contractors to Handle Bailout Billions --U.S. Treasury to Hire Asset Management Firms to Handle Bailout 03 Oct 2008 The U.S. plans to hire five to 10 asset-management firms as Secretary Henry Paulson establishes the government's new office for handling the financial bailout, a Treasury official said. The department will also add about two dozen new employees, a mix of bankers, lawyers, accountants and others, the official said today on condition of anonymity. Some of the Treasury's new employees will be on the government payroll, while others will be contractors, the official said.