10-06-2008, 09:04 PM
Paulson to name Kashkari to oversee bailout: WSJ
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->US Treasury Secretary Henry Paulson is expected to appoint Neel Kashkari as the interim head for its new Office of Financial Stability to oversee the $700-billion bailout programme, a media report says. Â
Indian origin Kashkari, a Treasury assistant secretary for international affairs, is the key adviser on whom Paulson has come to rely on during the financial crisis, The Wall Street Journal reported.   <!--QuoteEnd--><!--QuoteEEnd-->
Reason to cheer: NRI <!--emo&:beer--><img src='style_emoticons/<#EMO_DIR#>/cheers.gif' border='0' style='vertical-align:middle' alt='cheers.gif' /><!--endemo-->
reason to fear: 35 year old with IT financing background to oversee $700 billion <!--emo&--><img src='style_emoticons/<#EMO_DIR#>/rolleyes.gif' border='0' style='vertical-align:middle' alt='rolleyes.gif' /><!--endemo-->
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->US Treasury Secretary Henry Paulson is expected to appoint Neel Kashkari as the interim head for its new Office of Financial Stability to oversee the $700-billion bailout programme, a media report says. Â
Indian origin Kashkari, a Treasury assistant secretary for international affairs, is the key adviser on whom Paulson has come to rely on during the financial crisis, The Wall Street Journal reported.   <!--QuoteEnd--><!--QuoteEEnd-->
Reason to cheer: NRI <!--emo&:beer--><img src='style_emoticons/<#EMO_DIR#>/cheers.gif' border='0' style='vertical-align:middle' alt='cheers.gif' /><!--endemo-->
reason to fear: 35 year old with IT financing background to oversee $700 billion <!--emo&--><img src='style_emoticons/<#EMO_DIR#>/rolleyes.gif' border='0' style='vertical-align:middle' alt='rolleyes.gif' /><!--endemo-->