Indian-American to Save US Economic Crisis

06 October 2008 @ 05:27 pm EDT

Neel Kashkari is a name that all following the $700 billion bailout rescue plan will become familiar with over the next weeks.

The department announced that Treasury Secretary Henry Paulson had appointed Neel Kashkari to oversee the Troubled Assets Relief Program and the newly created Office of Financial Stability.

Kashkari, a former executive at Goldman Sachs, is the assistant Treasury secretary for International Economics and Development.

He has become one of the most important men in America as he embarks on the task of bailing out the US economy.

Kashkari, 35, will be working on the set up of the Office of Financial Stability and will be responsible for organizing its operations and mandate.

The office will begin buying struggling debt in around four week's time.

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.

This article is copyrighted by International Business Times.

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