Paulson Adviser To Oversee Rescue

Paulson Adviser To Oversee Rescue

www.washingtonpost.com

The Treasury Department plans to tap Neel Kashkari, an assistant secretary of international affairs and a former Goldman Sachs banker, to oversee the government's $700 billion financial rescue program, sources familiar with the situation said yesterday.

Kashkari has been a close adviser to Treasury Secretary Henry M. Paulson Jr. on the credit crisis and helped draft the legislation for the massive rescue plan. He is expected to run the program on an interim basis until the Treasury finds a permanent head, according to sources who spoke on condition of anonymity because they were not authorized to comment. Kashkari's replacement would stay on after the next administration takes office in January.

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Related News Links:
www.treas.gov
business.timesonline.co.uk

Why not have a fox looking after the chicken coop?

Is it really any surprise that he apointed someone like this?

And a former NASA executive to boot??? He'll know all about controlling money and not wasting any then....

Not really - he'll see that the funds go exactly where they are needed most.

Back into the pockets of the richest people, who caused this mess in the first place.

www.washingtonpost.com
(visit the link for the full news article)

reply to post by budski


That's why he was chosen...

Well, all is not lost. At least we can take bets on how they swindle us further...,

reply to post by Maxmars


Now that's a sucka' bet.

Doesn't this all seem planned-out?

Kashkari looks like a plant.

reply to post by budski


The news just said this guy graduated business school 6 years ago.

Isn't that like Daddy giving his 16 year old son the keys to the Ferrari?

reply to post by NOTurTypical


I'd equate it more to daddy giving control of his business to a 16 yr old, then sitting quietly in the background and pulling the strings.

He's a "yes man" who will do exactly what he's told to do.

Great . . . kinda like a pedophile behing hired to teach Grade 3 and expecting nothing to happen.

Sheesh.