Send a Tweet
Most Popular Choices
Share on Facebook Share on Twitter Share on LinkedIn Share on Reddit Tell A Friend Printer Friendly Page Save As Favorite View Favorites
General News

Meet The $700 Billion Bailout Czar

By   Follow Me on Twitter     Message Rob Kall       (Page 1 of 2 pages)     Permalink    (# of views)   25 comments

Related Topic(s): ; ; ; ; ; ; ; ; ; , Add Tags
Add to My Group(s)

Must Read 2   News 2   Valuable 2  
View Ratings | Rate It

opednews.com Headlined to H2 10/6/08

Become a Fan
  (304 fans)
- Advertisement -

There is a new Czar in America""the man who will be running the $700 billion budget bailout/rescue program-- assistant secretary of the Treasury for International Affairs-- Neel Kashkari.


Copyrighted Image? DMCA

Henry Paulson tapped the company he ran, Goldman Sachs, to hire 35 year old Kashkari, who started as a senior advisor.   George W. Bush nominated him as assistant secretary of the Treasury for International Affairs. The appointment was evaluated by the senate banking committee in early June 2008 and approved by the senate on June 27., 2008.

The Wall Street Journal reports that Khashkari's position as czar of the $700 bailout is "interim, pending Senate confirmation. It isn't likely the Senate will move on the matter before the November elections. Mr. Kashkari isn't expected to remain in the post after January, when the Bush administration comes to an end, and,

- Advertisement -

 

"Mr. Kashkari was part of the Treasury team that negotiated the asset-repurchase program with Congress, putting in marathon sessions along with Robert Hoyt, Treasury's general counsel, and Kevin Fromer, the head of legislative affairs. He was also one of the originators of the plan. Last year, he and Phillip Swagel, assistant secretary for economic policy, crafted a proposal called "break the glass" -- referring to the emergency nature of using such a tool -- which envisioned Treasury buying bad loans and other assets.

Treasury is trying to get the program running as quickly as possible. It is expected to begin soliciting bids from asset managers this week and could hire several managers before the week is over, according to people familiar with the matter. The department plans to hire managers with expertise in the types of securities the government likely will buy, in particular mortgage-backed securities and residential mortgages.

- Advertisement -

On the US Treasury  site, the following profile is provided, which, it seems, has provided the bulk of material several dozen other articles have used to cover who Kashkari is:

Neel Kashkari
Senior Advisor

Neel Kashkari is Senior Advisor to U.S. Treasury Secretary Henry M. Paulson, Jr. He provides counsel to the Secretary on key policy matters.

 

Prior to joining the Treasury Department, Mr. Kashkari was a Vice President at Goldman, Sachs & Co. in San Francisco, where he led Goldman's IT Security Investment Banking practice, advising public and private companies on mergers and acquisitions and financial transactions. Prior to his career in finance, Mr. Kashkari was a R&D Principal Investigator at TRW in Redondo Beach, California where he developed technology for NASA space science missions such as the James Webb Space Telescope.

 

Originally from Stow, Ohio, Mr. Kashkari graduated from the University of Illinois at Urbana-Champaign with a Bachelor's and Master's degree in Engineering. He also received an M.B.A. in Finance from the Wharton School. Mr. Kashkari and his wife Minal maintain residences in Maryland and California.

 

 

- Advertisement -

 

There's not much to be found about Mr. Kashkari beyond the Treasury's brief two paragraph description. Calls to the senate banking committee and the treasury yielded almost no new information, just promises of callbacks from press people who were not available. One spokesperson did say that the announcement of Kashkari's appointment had just occurred today. While not confirming that the senate banking committee did not know who would be doing this job, with its huge responsibilities, the indication that the announcement had occurred today was in response to a question as to whether the committee had known BEFORE approving the bill, who would be managing the bailout.

Here's a link to a Cspan video, where he talks about a new kind of mortgage for the US. He comes off as a bright, techo-geek economist kind of man""smart, articulate, knowledgeable. But he is introduced as being strictly a speaker on "covered mortgages"- and the audience is instructed not to ask him questions on other topics. 
In June 2007, he spoke on the Bush energy policy, and it was reported  "he sidestepped most of the prickly issues."-

Next Page  1  |  2

 

- Advertisement -

Must Read 2   News 2   Valuable 2  
View Ratings | Rate It

opednews.com

Rob Kall is an award winning journalist, inventor, software architect, connector and visionary. His work and his writing have been featured in the New York Times, the Wall Street Journal, CNN, ABC, the HuffingtonPost, Success, Discover and other media. He's given talks and workshops to Fortune 500 execs and national medical and psychological organizations, and pioneered first-of-their-kind conferences in Positive Psychology, Brain Science and Story. He hosts some of the world's smartest, most interesting and powerful people on his Bottom Up Radio Show, and founded and publishes one of the top Google- ranked progressive news and opinion sites, OpEdNews.com

more detailed bio: 

Rob Kall has spent his adult life as an awakener and empowerer-- first in the field of biofeedback, inventing products, developing software and a music recording label, MuPsych, within the company he founded in 1978-- Futurehealth, and founding, organizing and running 3 conferences: Winter Brain, on Neurofeedback and consciousness, Optimal Functioning and Positive Psychology (a pioneer in the field of Positive Psychology, first presenting workshops on it in 1985) and Storycon Summit Meeting on the Art Science and Application of Story-- each the first of their kind.  Then, when he found the process of raising people's consciousness and empowering them to take more control of their lives  one person at a time was too slow, he founded Opednews.com-- which has been the top search result on Google for the terms liberal news and progressive opinion for several years. Rob began his Bottom-up Radio show, broadcast on WNJC 1360 AM to Metro Philly, also available on iTunes, covering the transition of our culture, business and world from predominantly Top-down (hierarchical, centralized, authoritarian, patriarchal, big)  to bottom-up (egalitarian, local, interdependent, grassroots, archetypal feminine and small.) Recent long-term projects include a book, Bottom-up-- The Connection Revolution, debillionairizing the planet and the Psychopathy Defense and Optimization Project. 

Rob Kall Wikipedia Page

Rob Kall's Bottom Up Radio (more...)
 

Rob Kall Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Follow Me on Twitter     Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

A Conspiracy Conspiracy Theory

Debunking Hillary's Specious Winning the Popular Vote Claim

Terrifying Video: "I Don't Need a Warrant, Ma'am, Under Federal Law"

Hillary's Disingenuous Claim That She's Won 2.5 Million More Votes is Bogus. Here's why

Ray McGovern Discusses Brutal Arrest at Secretary Clinton's Internet Freedom Speech

Cindy Sheehan Bugged in Denver