Neel Kashkari, Indian-American Incharge of $700 Billion Bailout Plan

Neel Kashkari was designated as the Interim Assistant Secretary of the Treasury for Financial Stability on October 6, 2008

He will head the Office of Financial Stability, in charge of the $700 billion U.S. Government Troubled Assets Relief Program which will buy troubled financial assets from U.S. financial firms.

TIME magazine quotes

The government’s $700 billion bailout plan is in the hands of this man

Personal Life

Kashkari (35), born July 30, 1973, is an Indian-American, from Stow, Ohio, where he attended Stow–Munroe Falls schools before transferring to the Western Reserve Academy in Hudson, Ohio, from where he graduated in 1991.

Kashkari’s parents, Chaman and Sheila Kashkari, are from Kashmir, India.

  • Father Chaman has a doctorate in engineering, and won a Presidential award for his work in getting water to African villages.
  • Kashkari’s mother, Sheila, is a retired pathologist
    His sister Meera, specializes in infectious diseases.
  • He and his wife Minal live in Silver Spring, Maryland, with their dog Winslow.

Prior to joining the Treasury Department, Mr. Kashkari was a Vice President at Goldman, Sachs & Co. in San Francisco.

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.

[ Reference – US Treasury, TIME ]

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