Bailout/Rescue Chief – How Neel Kashkari will Save Asia, too

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South Indian superstar Kamal Hassan will celebrate his birthday today.
Kamal born on Nov 7, 1954 turns 55 today
Kamal who is in US for the past few weeks, will be flying in to Chennai tonite.
According to …

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Bailout/Rescue Chief – How Neel Kashkari will Save Asia, too

Submitted by Bill Belew on Monday, 6 October 2008No Comment

Neel Kashkari is being put in charge of the $700 billion bailout/rescue funds.

Kashkari is/was the Treasury’s assistant secretary for international affairs.

And here are 12 other things we know about Neel Kashkari.

He is now the interim head of the Treasury’s new Office of Financial Stability.

We are in trouble when we have to have someone in charge of keeping us in charge of finances, no?

Kashkari is 35-years old, and a former Goldman Sachs Inc. banker. Gosh, I wonder where Paulson found him.

For the past two years Kashkari has had the job of examining the consequences of an economic housing fallout, meaning he never reached a conclusion or even he did nobody listened to him, which begs the question, why should we listen to him now?

Kashkari is an Indian-American. And that’s where at least some of the good news for Asia comes in. Asia will find some reassurance to know that there is someone with sensitivity to the other side of the world’s markets.

Don’t tell Asia, however, that Kashkari grew up in Stow, Ohio.

In any event, to answer the question how Neel Kashkari will save Asia, too.

The same way he will save the American market…if he can do that, too.

As for me…we should have voted the thing down and let the chips fall where they did.

What’s your take?

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C.Jaisinghani said:

We are in world markets melt-down. If we have enough faith in Sec. Paulson why not in his choice
of Neel Kashkari. Mr. Kashkari did not reach where he is by just eating chicken curry but by bringing his Indian brilliance to this earth shaking
task. Anyway who knows what happens in the next
administration.

- 6 October 2008 at 6:26 pm

Nora Thompson said:

It sounds like the bail out was just the beginning. When will it stop?

I am feeling more and more that it would have been better to just let the chips fall where they may.

I did not like the bail out bill, especially all the pork in it. You would think our elected representatives would have put away their pork plates and forks for the sake of the country.

If it was the mortgage crisis that brought us to this point, then why didn’t the banks and mortgage companies re-negotiate the terms so people could afford to stay in their homes? Also why were those predatory lending companies allowed to do what they did, and who was stupid enough to buy all that bad paper?

Seems like GREED took over on all levels. From the original home buyers on up.

- 7 October 2008 at 7:42 pm