Treasury Struggles to Find More Investment Banking Staff

Not everyone has been laying off staff by the thousands. Some organizations are actually struggling to keep up with the demands of hiring new workers. The Treasury Department, for instance, is having a hard time finding qualified specialists to help run its Troubled Asset Relief Program (TARP), according to the Wall Street Journal.

Assistant Treasury Secretary Neel Kashkari says he’s hoping to double the number of full-time employees by the time the new administration takes office on January 20th. But with some staff wanting to leave before then, his team is going to have an even harder time sorting through the hundreds of applications for TARP assistance from banks, thrifts and other financial institutions.

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