Rob Kall: Meet the $700 Billion Bailout Czar, Neel Kashkari

There is a new Czar in America -- the man who will be running the $700 billion budget bailout/rescue program -- assistant secretary of the Treasury for International Affairs, Neel Kashkari. Henry Paulson tapped the company he ran, Goldman Sachs, to hire 35 year old Kashkari, who started as a senior advisor. George W. Bush nominated him as assistant secretary of the Treasury for International Affairs. The appointment was evaluated by the Senate Banking Committee in early June 2008 and approved by the senate on June 27., 2008. The Wall Street Journal reports that Kashkari's position as czar of the $700 bailout is "interim, pending Senate confirmation. It isn't likely the Senate will move on the matter before the November elections. Mr. Kashkari isn't expected to remain in the post after January, when the Bush administration... [read full story]