• Most Popular
  • Most Shared

Treasury names rescue program chief

WASHINGTON
Mon Oct 6, 2008 5:13pm EDT

WASHINGTON (Reuters) - The Treasury on Monday named Assistant Secretary for International Economics and Development, Neel Kashkari, as head of the $700 billion government program that will buy soured investments to help restore the financial markets to health.

Crisis in Credit

Kashkari was named as the interim Assistant Secretary of the Treasury for Financial Stability - a role envisioned in the rescue plan that was signed into law by President George W. Bush last week.

Kashkari is a veteran banker from Goldman Sachs and joined the Treasury in July 2006 as a senior advisor to Treasury Secretary Henry Paulson.

(Reporting by Patrick Rucker; Editing by Chizu Nomiyama)
Crisis in Credit


More from Reuters

Photo

Obama says U.S. will pursue plane attackers

KAILUA, Hawaii (Reuters) - A wing of al Qaeda claimed responsibility on Monday for a failed Christmas Day attack on a U.S.-bound passenger plane, and President Barack Obama vowed to bring "every element" of U.S. power against those who threaten Americans' safety. | Video

» More Top News
A young Kamchatka brown bear plays in its enclosure at the 'Tierpark Hagenbeck' zoo in Hamburg September 20, 2007. REUTERS/Christian Charisius

The return of the Russian bear

Jason Bush

As Russia's memories of crippling economic times fade, are reforms disappearing along with them?  Commentary 

Breakingviews
Surgeons extract the liver and kidneys of a brain-dead woman for organ transplant donation at the Unfallkrankenhaus Berlin (UKB) hospital in Berlin January 12, 2008. REUTERS/Fabrizio Bensch

Desperate, duped, or both

One of the world's largest organ trade hubs is moving to stop the living from cashing in their body parts.  Full Article 

Health