Office of Financial Stability

The Office of Financial Stability was created by the United States Treasury Department under the Emergency Economic Stabilization Act of 2008. Treasury Secretary Henry Paulson named Neel Kashkari to oversee the $700 billion financial rescue plan until a permanent head is chosen.¹

Fast Facts

1. Office of Financial Stability created under the Emergency Economic Stabilization Act of 2008
2. Neel Kashkari named as interim head¹
3. Treasury hiring process for five to ten asset managers to begin Monday, October 6, 2008¹
4. Asset managers will buy troubled assets from financial institutions¹
5. Many of the troubled assets will have large holding in mortgage-related securities¹
6. Industry sources said hiring asset managers with expertise in mortgage-related securities could raise potential for conflicts of interest¹

Latest News on the Financial Crisis

Treasury Department investing $250 billion in banks

$700B bailout bill passes Congress

FDIC recommends hike

Bailout bill text

Emergency Economic Stabilization Act of 2008

Related Pages on Mahalo

Neel Kashkari | Mortgage Bailout Plan | Bailout Bill Text | Bailout Bill Rejected | Bailout Bill Pork | President Bush Bailout Speech | Senate Bailout Vote | Henry Paulson | Tom Bloom | Neel Kashkari Chump

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