Neel Kashkari has been promoted by Treasury Secretary Hank Paulson from being the Treasury’s assistant secretary for international affairs to the interim head of Paulson’s Office of Financial Stability. In other words Kashkari will the man who will take charge of the $700 Billion approved by Congress for Wall street bailout. Kashkari is one of the main guys on Paulson’s team and was also one of the architects of the Bailout bill recently passed by Congress.
Neel Kashkari is an Indian American and is only 35 years of age. Kashkari has seen the best of the technology world and the finance world during his stint as an aerospace engineer working to develop technologies for NASA and as a banker for Goldman Sachs. Interestingly, Paulson is also a former employee of Goldman Sachs. Kashkari grew up in Ohio and has a MBA degree M.B.A. from the University of Pennsylvania’s Wharton School of Business. He also has an Engineering degree from the University of Illinois at Urbana-Champaign.
For more on Neel Kashkari’s biography and his role at the US Treasury, head to his biography page on the US Treasury website www.treas.gov.
[Via : WSJ]
Related Posts- Citibank Bailout With $300 Billion By Federal Government Saves Citigroup From Bankruptcy Filing
The US government has decided to bailout Citigroup with a $300 billion aid package. Citigroup's share took a huge hit last week and reached price... - US Senate Votes Ok To Bailout Bill, U.S House Of Representatives To Vote On Friday
In an expected development, the United States Senate has passed the bailout bill with a thumping majority. The bailout bill was passed with a 74... - Congress Makes Wall Street Bailout Bill Public at Financial Services Website of the house - financialservices.house.gov and speaker.gov
The US Congress has made public its proposed Wall Street bailout bill. The bill can be viewed at the house's financial services webpage at financialservices.house.gov... - Bailout Plan HR 3997 Rejected By House Of Representatives, Wall Street Tanks As Dow Plunges More Than 600 Points
The DOW tanked more than 600 points after the bailout bill failed to make it through the US House Of Representatives. The bill needed a...
{ 0 comments… add one now }