Henry Paulson has found his new man…Neel Kashkari
Treasury Secretary Henry Paulson has found his man to head the new government Office of Financial Stability, which will oversee the $700 billion bailout…Neel Kashkari. Kaskari is Assistant Secretary for International Economics and Development, and on October 6, 2008 was named interim Assistant Secretary of the Treasury for Financial Stability. In that role he will head the $700 billion government program that will buy troubled financial assets from U.S. financial firms. Kashkari joined the Treasury Department in July 2006 as Senior Advisor to Paulson.
Kashkari worked for Goldman Sachs as a vice presidential-level banker in San Francisco. That’s where he was when Henry Paulson tapped him to join the Treasury. And Kashkari was one of three Treasury staffer responsible for writing the original $700 billion bailout bill that was initially rejected by the House.
A Wall Street Journal blog says, “Kashkari’s appointment is another example of how deep those Goldman Sachs ties go.”
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Tags: goldman sachs, henry paulson, neel kashkari
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