[Reader-list] FINANCE: South Asian Heads $700B Bailout Plan

[Naeem Mohaiemen]

Deshi media watchers in New York are agog over this piece of news.

South Asian to head $700B bailout plan.

This is from SAJA:

<   An official says the administration has decided to pick a key
Treasury Department official to be the interim head of its $700
billion rescue effort for financial institutions.
   The official said Monday that Neel Kashkari, Treasury's assistant
secretary for international affairs, will soon be announced as the
interim head of Treasury's new Office of Financial Stability. The
official asked not to be identified by name because the selection has
not been announced publicly.
   The 35-year-old Kashkari is a former Goldman Sachs Inc. banker, the
investment giant once headed by Treasury Secretary Henry Paulson. The
new office was created by the emergency legislation enacted Friday to
fund the largest government bailout in history.>

karo shorbonash/karo poush mash ;-)