Neel Kashkari has been named by Treasury Secretary Henry Paulson to run the country's $700 billion financial stabilization program, which will be known as the Office of Financial Stability. Prior to running the program, Kashkari was an assistant secretary for international economics and development at the Treasury, as well as a senior adviser to Paulson. Kashkari was one of the officials who negotiated the proposal to buy bad mortgages from financial companies. His term is expected to end when President George W. Bush leaves office.Bloomberg.com: Paulson to Name Kashkari (October 5, 2008)
The Bailout Plan
Kashkari said that the Treasury Department formed seven teams to enforce the Emergency Economic Stabilization Act of 2008. The teams will focus on buying assets and implementing regulations, among other stabilizing steps. The main goal of the department is "to restore capital flows to the consumers," added Kashkari.RTTNews: Stocks Continue To See Considerable Strength... (October 13, 2008)
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Graduated from University of Illinois with Bachelor's and Master's in EngineeringU.S. Dept of the Treasury: Neel Kashkari
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Received M.B.A. in Finance from Wharton SchoolU.S. Dept of the Treasury: Neel Kashkari
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Former president at Goldman Sachs & Co., where he advised companies on mergers and transactionsBloomberg.com: Paulson to Name Kashkari (October 5, 2008)
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Used to develop technology for NASA space science missionsRediff India Abroad: Indian Confirmed... (August 6, 2008)
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