I hope that Paulson knows what he’s doing since he is the one being trusted to take care of this mess.
Meet The New Boss: Office of Financial Stability Head Is A Rocket Scientist!
Remember the days when people described a smart person as a “rocket scientist” and downplayed the intellectual difficulties of a task by saying “it’s not rocket science”?
It seems that Hank Paulson does. The guy he appointed to run the newly created Office of Financial Stability—which will administer the huge bailout fund signed into law last week—is a former rocket scientist. Neel Kashkari, who is only 35 years old, got his start as an aerospace engineer at TRW, where he worked on little things like James Webb Space Telescope for NASA.
Read about – The Office of Financial Stability
The Office of Financial Stability is a new unit of the United States Treasury created by the Emergency Economic Stabilization Act of 2008 to operate the Troubled Assets Relief Program.[1] On October 6, 2008, it was announced that Neel Kashkari, a former executive at Goldman Sachs, would be the head of the Office of Financial Stability.