Indian-American given job of saving Wall Street

6 Oct 2008, 2223 hrs IST, Chidanand Rajghatta,TNN WASHINGTON: A 35-year-old Indian-American whiz, whose parents migrated from Jammu and Kashmir, is being entrusted with the task of rescuing Wall Street, the US economy — and the pretty much the entire financial world tied to its coat tails — from a tailspin. US Treasury Secretary Henry Paulson is expected to name Neel Kashkari, currently the Assistant Secretary for International Affairs in the Department of Treasury, as the interim head for its new Office of Financial Stability to oversee the $700-billion bailout program aimed at arresting the U.S economy's precipitous slide arising from the mortgage crisis. Kashkari is one of nearly half-dozen Indian-Americans, including Louisiana Governor Bobby Jindal, who have served in the Bush administration at Tier Two cabinet levels.... [read full story]