Thread: NEW Office of Financial Stability to manage bailout money

Oct. 6: An Office of Financial Stability has been established to manage the money Congress approved to bail out the financial mess. Running it is a Goldman Sachs ex employee who used to work with Paulson. WOW talk about the fox watching over the hen house!

NBC's Brian Williams reports

http://www.msnbc.msn.com/id/21134540/vp ... 5#27055765

Treasury Officials


Neel Kashkari
Interim Assistant Secretary of the Treasury for Financial Stability and Assistant Secretary of the Treasury for International Economics and Development


Neel Kashkari was designated as the Interim Assistant Secretary of the Treasury for Financial Stability on October 6, 2008. In this capacity, Mr. Kashkari oversees the Office of Financial Stability including the Troubled Asset Relief Program.

Mr. Kashkari also continues to hold the position of Assistant Secretary of the Treasury for International Economics and Development, but his International Affairs responsibilities are delegated to Assistant Secretary for International Affairs Clay Lowery while Mr. Kashkari serves as Interim Assistant Secretary for Financial Stability.

Mr. Kashkari joined the Treasury Department in July 2006 as Senior Advisor to U.S. Treasury Secretary Henry M. Paulson, Jr. In that role, he was responsible for developing the President’s Twenty in Ten energy security plan, enhancing Treasury’s engagement with India, particularly in the area of infrastructure development, and developing and executing the Department’s response to the housing crisis, including the formation of the HOPE NOW Alliance, the development of the subprime fast-track loan modification plan, and Treasury’s initiative to kick-start a covered bond market in the United States.

Prior to joining the Treasury Department, Mr. Kashkari was a Vice President at Goldman, Sachs & Co. in San Francisco, where he led Goldman's IT Security Investment Banking practice, advising public and private companies on mergers and acquisitions and financial transactions. 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.

http://www.treas.gov/organization/bios/kashkari-e.html

WOW!!!!! That's like looking for marital advice from Elizabeth Taylor....or me!!!!! Child rearing from Charles Mansons mom. Feeding help from Jeffrey Dahmers mom. Nothing like going to proved failures to fix something!!!!!!! Oh ya.....they ARE experts. Experts at what NOT to do. We need help on what TO do!!!!!!!

Originally Posted by crazybird

WOW!!!!! That's like looking for marital advice from Elizabeth Taylor....or me!!!!! Child rearing from Charles Mansons mom. Feeding help from Jeffrey Dahmers mom. Nothing like going to proved failures to fix something!!!!!!! Oh ya.....they ARE experts. Experts at what NOT to do. We need help on what TO do!!!!!!!

I hear you!! I find this outrageous, this is their way of getting around the oversight part of our stolen money!!! What a bunch of crooks. I hope there is a day of reckoning for them soon.

C'mon folks, didn't you notice what an economic success robbing us blind was? I mean, the stock market went crazy today. Three or 4 more bailouts is all we need to totally destroy Wall Street.

I am so glad this guy is a rocket scientist.

WE ARE STILL IN THE TWILIGHT ZONE LED BY THE DARK SIDE!!!

Originally Posted by April

WE ARE STILL IN THE TWILIGHT ZONE LED BY THE DARK SIDE!!!

That would be funny if it wasn't true.

Originally Posted by cayla99

Originally Posted by April

WE ARE STILL IN THE TWILIGHT ZONE LED BY THE DARK SIDE!!!

That would be funny if it wasn't true.

I know.

JUST what we need. Yet another government office with more overpaid treasonous thieves running it.