Word: neel
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Dates: during 2000-2009
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...Neel Kashkari is the world's most powerful temp. Over the next month, the 35-year-old onetime AC/DC fan and aerospace engineer will run the $700 billion Treasury Department program to rescue the American economy by pricing, buying and, hopefully, reselling some of the most complex financial instruments ever devised--all so that the credit markets can function again. Kashkari's job is pivotal; how long Kashkari will hold on to it isn't clear. Treasury Secretary Hank Paulson intends to work with whoever is elected Nov. 4 to name a permanent head of the rescue program, get that...
...government's $700 billion bailout plan is in the hands of this man. Neel Kashkari, a relatively green assistant secretary in the Treasury department, will be responsible for the government's purchasing of billions of dollars of bad assets from banks and other financial agencies. His career has been a short...
...Neel's first job was as an aerospace engineer at TRW, where he worked on technology for NASA projects such as the Webb Space Telescope, which is due to replace the Hubble...
...Neel Kashkari is not going to be in Washington much longer if there's a change in administrations. And that'll cause some kind of turbulence."-Madeline Brand, of National Public Radio, on the fact that Kashkari might have to leave after only a few months...
...with little or no collateral, a move unseen since the Great Depression. And at the Treasury, Paulson appointed a 35-year-old former Goldman Sachs banker as temporary head of the agency charged with using the $700 billion to lift bad loans out of the financial system. The banker, Neel Kashkari, immediately took bids from companies interested in running a market to price the bad loans. On Wednesday morning, in a surprising move, the Fed announced a half-point interest rate cut in unprecedented coordination with central banks in Asia and Europe...